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America loses 539,000 jobs in April

America’s unemployment rate rose from 8.5% to 8.9% in April.

America’s unemployment rate rose from 8.5% to 8.9% in April. The Bureau of Labor Statistics reports that nonfarm payroll employment declined by a further 539,000.

Although employment continued to decline, this was the slowest rate <a href="
&series_id=CES0000000001&output_view=net_1mth” target=”_blank”>recorded since November 2008, as the country appears to be starting a gradual recovery from recession.

Since America slipped into recession in December 2007, 5.7m jobs have been lost, according to official figures. Last month, jobs lost were across nearly all major private-sector industries.

Employment in manufacturing fell by 149,000 over the last month, with widespread job losses among the component industries.

The construction sector lost 110,000 and the professional and business services industry 122,000 jobs.

Employment in retail trade fell by 47,000 and wholesale trade employment was down by 41,000.

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People on the move: Investment

FourWinds Capital Management, the alternative investment manager, has appointed of Lydia Whyatt as managing director in the environment group. Prior to joining the firm, Whyatt spent four years as managing director at Foursome Investments. In her new role, she will focus on deal execution and implementation and will be based in the London office.


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