Last Friday, the latest job report showed a still large loss of 539,000 jobs in April, but the number is an improvement over the preceding months (a revised 699,000 in March). Still, unemployment rate sits at 8.9%, while underemployment is at 15.8%. And while the new job loss number was better than expected, the economy is clearly not out of the woods yet, as jobs are still being lost at a high rate, and unemployment will be in double digits in the coming months. Further, the job loss report was mitigated by the government’s hiring of workers ahead of the 2010 census, while every sector besides healthcare was cutting jobs. So while the rate of job loss may be declining, job growth appears far away, especially since businesses will likely be cautious in hiring new workers until they are positive that the economy is healthy.