The U.S. Department of Labor announced that 162,000 jobs were added last month, but the Wall Street Journal points out that even though job creation was "at the fastest pace in three years in March....nearly one-third came from temporary hiring for the Census, indicating the labor market has still some way to go to recover." An analyst told the NY Times (which also graphs job loss/growth), "The key message from this report is that we’ve finally turned the corner. Going forward, we should expect things to strengthen further over the rest of the year," while White House economic adviser Christina Romer was a little more measured, saying there were "continued signs of gradual labor market healing," but "there will likely be bumps in the road ahead." The national unemployment rate remains 9.7% more ›

The U.S. Department of Labor released the latest unemployment numbers, which have now finally hit the double digits and broken the "10% psychological barrier"—October's unemployment rate is 10.2%, the highest since April 1983, with employers cutting a "deeper-than-expected 190,000 jobs." more ›