Jobless rate hits four year high

Again, the US needs to add roughly 150,000 jobs per month to break even and we've been bleeding jobs for seven straight months. Besides the 51,000 fewer jobs last month, unemployment jumped to 5.7%. Keep in mind that we are perhaps halfway through the credit crunch, so the next few months are likely to remain bumpy. The only bright spot with the report is that analysts were expecting 70,000 fewer jobs and we "only" lost 51,000.