A new higher reading of US job losses in March and April

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A new higher reading of US job losses in March and April

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Adjusted data released by the US Department of Labor this week showed that the US economy lost 20.537 million jobs, a record high, in April, not 20.5 million as announced last Friday.
The Ministry of Labor Statistics office, responsible for closely following the monthly employment report, also raised the March job losses, showing that non-agricultural jobs decreased by 881,000 instead of 870,000 as in the previous estimate.
The February job increase was revised to 251,000 jobs from 230,000 jobs in the previous report.
The Ministry of Labor estimates the number of jobs from a company survey.
The changes did not affect the unemployment rate, extracted from a separate household survey. The unemployment rate jumped to 14.7 percent in April, a record high after the Second World War, from 4.4 percent in March.

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