Unemployment Hits 8.5% Nationally

A new Bureau of Labor Statistics report bears bad news: Not only did America lose 663,000 jobs in March, but we underestimated previous job loss. January's report of 655,000 jobs lost turns out to be nearly 100K shy of the 741,000 jobs actuall lost in the first month of the year. Though the economy has toyed with optimism in other arenas, like the stock market, employment remains flatly low. Though the Federal Reserve says employment will increase three-tenths of a percent shortly, some economists say we're heading for the double-digits.