Fewer job layoffs in April.

[moneysense]

With fewer job layoffs in April, which is the lowest in the past 6 months, but the jobless rate still is at 8.9% in the country due to the fact that most businesses are still wary of hiring new employees. This is the highest unemployment rate since 1983.

Mark Zandi, who is the chief economist at Moodys Economy had this to say:

"There are glimmers of hope. We are moving in the right direction in terms of layoffs. They are measurably less bad than what we've been through,"

It is said that the total amount of peope that have been laid off stands at 13.7 million.

The recession has caused job layoffs, cut hours of work, and the freezing or cutting of pay of employees.

Hopefully the economy will start a rebound soon, but still, it will be a while before we see an increase in available jobs.