Financial Times FT.com

US joblessness hits 25-year high

By Krishna Guha and Sarah O’Connor in Washington and Alan Rappeport in New York

Published: May 8 2009 14:11 | Last updated: May 8 2009 23:24

US unemployment climbed to 8.9 per cent in April, its highest level in a quarter of a century, as the economy shed more than half a million jobs, official figures revealed on Friday.

The latest non-farm payrolls data showed that 539,000 jobs were lost in April, making it the seventh-worst month for job losses in half a century.

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