US continuing to recover from the worst recession:
The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 per cent, the lowest in four years.
THE US could face a deep, prolonged recession from the current financial turmoil, with the eurozone less at risk, the International Monetary Fund said in a report overnight.