US posts another 5.25m unemployed in a week

US weekly job losses to the end of April 11th came in at 5.25 million people filing for unemployment. The US market initially peaked as this number was a beat on expectations that the number would reach 5.5 million however many fear this number is set to be revised lower as more states submit their numbers. This employment number combined with previous weeks put the US unemployment rate at around 15% which continues to deteriorate.