The unemployment levels have risen to 9.7% last month, which is the highest level in the last 26 years. The continuing fall in exports from US to other parts of the world coupled with reduced internal demand have lead to major job losses across industries.
Even the government sector is expected to lose more jobs in the coming months, since the stimulus spends will be coming to an end. It would be prudent to stay away from investing your hard earned money in the money markets or commodities market or stock market for the time being. You can start investing once the US economic recovery is confirmed.