JUST IN: U.S. employers cut 701,000 jobs in March and the unemployment rate rose to 4.4%. This morning's report is the first to show the initial impacts of the coronavirus pandemic on the U.S. labor market.
The COVID-19 outbreak has brought U.S. businesses to a screeching halt. At least 45 states have issued or announced statewide closures of all non-essential businesses to help stop the spread of coronavirus in the U.S.
People queue to enter Payomatic, a business that offers check cashing, as unemployment claim figures were released, during the coronavirus disease outbreak in Manhattan, New York City, April 2, 2020. People queue to enter Payomatic, a business that offers check cashing, as unemployment claim figures were released, during the coronavirus disease outbreak in Manhattan, New York City, April 2, 2020.
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US payrolls plunge 701,000 in March amid the start of a job market collapse“What we can do as a matter of policy, is make sure that we maximize the chance that we come out of this as quickly as possible.” Former Treasury Sec. Jack Lew says the recovery will determine “where the economy goes in the future.”
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March jobs report: US economy loses 701,000 jobs amid coronavirus - Business InsiderThe weak March number doesn't even come close to fully reflecting the impact of the novel coronavirus.
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Coronavirus likely ended record U.S. job growth in MarchThe U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus pandemic shuttered businesses and factories, confirming a recession is underway.
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The US economy lost 701,000 jobs in March -- worst report since 2009The monthly jobs report shows the US economy shed 701,000 jobs in March and the unemployment rate rose to 4.4%. The report doesn't reflect the past two weeks of skyrocketing layoffs.
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U.S. economy lost a total of 701,000 jobs in MarchNEW: March jobs report shows loss of 701,000 jobs; unemployment data breaks a record streak of job creation that dates back to 2010.
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