Recession Jobs Losses Top 5 Million

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Published in the Wall Street Journal April 5, 2009 by Brian Blackstone

The U.S. continued to shed jobs at an unrelenting clip in March, pushing total losses since the recession started 16 months ago past five million.

The figures, which included another sharp rise in the unemployment rate to a 25-year high, are a sober reality check on the economy after some mildly encouraging news on housing, automobiles and manufacturing.

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