U.S. March, April job losses revised higher

The U.S. economy lost a record 20.537 million jobs in April and not 20.5 million as reported last Friday, according to revised data published by the Labor Department this week.The Labor's Department's Bureau of Labor Statistics (BLS), which compiles the closely followed monthly employment report, also raised March's job losses to show nonfarm payrolls decreasing 881,000 instead of 870,000 as previously estimated.Nonfarm payrolls are calculated from a survey of establishments.