Slowing Down

US economy slowing down.

According to an article by BBC, the US economy lost 539,000 jobs in April, which is a sign that the US jobs market might be beginning to improve. The Labor Department said that the unemployment rate rose to 8.9%, its highest level since 1983 and up from 8.5% in March. The article says that since December 2008, there have been a loss of 5.7 million jobs in all sectors. This is just the start of the gradual incline in the job market and economy overall. Many economists predict that the job market will take a little bit longer to get stronger as the economy will take time to get better.