Headline for April 4 - March Unemployment

http://www.bloomberg.com/apps/news?pid=20601087&sid=alfGIs6CKH_o&refer=home Finance Jobs Payrolls at financial firms decreased by 5,000 jobs, after declining 11,000 the prior month, Labor said. Job losses in financial markets are mounting following the collapse in subprime lending. Wall Street banks hit by mortgage losses and writedowns have cut more than 34,000 jobs in the past nine... [more]

http://www.bloomberg.com/apps/news?pid=20601087&sid=alfGIs6CKH_o&refer=home Finance Jobs Payrolls at financial firms decreased by 5,000 jobs, after declining 11,000 the prior month, Labor said. Job losses in financial markets are mounting following the collapse in subprime lending. Wall Street banks hit by mortgage losses and writedowns have cut more than 34,000 jobs in the past nine months, the most since the dot-com boom fizzled in 2001, according to the Securities Industry and Financial Markets Association. This year, financial firms including Lehman Brothers Holdings Inc., Citigroup Inc. and Morgan Stanley have reduced staff in fixed income trading, securitization and investment banking. Lehman has eliminated 18 percent of its workforce, Morgan Stanley has cut 6.2 percent, and Merrill Lynch & Co. has trimmed 4.5 percent. [less]