US Unemployement rate touches 26 year high: 8.5%
The unemployment rate in the world’s largest economy the US touched a 26-year-high of 8.5 per cent in March, pushing the total number of job losses since the recession began in December 2007 to 5.1 million.
The data released by the US Department of Labor showed that a staggering 6,63,000 jobs were lost in March.
During the same period, the jobless rate soared to a 26-year-high of 8.5 per cent from 8.1 per cent. Officially, America entered into recession in December 2007.
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