Employers cut another 20,000 jobs in April, the Department of Labor reported today. The reduction, while smaller than expected, marks the fourth straight month of job losses in the U.S., as many companies fight to stay in the black in a weakened economy. The unemployment rate now stands at 5 percent, down slightly from 5.1 percent last month.
The construction, manufacturing and retail sectors led the nation in payroll cuts.
As those industries continue to struggle, certain businesses and...Full Story