Jobless rate bolts to 8.5 percent, 663K jobs lost

Jobless rate bolts to 8.5 percent, 663K jobs lost:

"The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs. It's fresh evidence of the toll the recession has inflicted on America's workers, and economists say there's no relief in sight."