Obama (4/29): 'We're off to a Good Start' - Unemployment Climbs to 8.9%-- Highest in 25 Years

(CNBC).The latest jobs report gave a mixed picture of employment in the US, leaving investors without any clear sign that the economy is improving.

The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.