U.S. economy lost a total of 701,000 jobs in March

Posted on AllSides April 3rd, 2020
From The Left

The U.S. economy lost a total of 701,000 jobs in March, bringing a record 10-year streak of employment gains to a halt as the coronavirus pandemic continues to hammer the workforce and shatter economic growth.

The closely watched monthly jobs data, released Friday by the Bureau of Labor Statistics, also shows the unemployment rate soared to 4.4 percentfrom 3.5 percent, after months at a half-century low.

March's data represents the tip of the iceberg, however, since the survey was conducted in the first half of the month, prior to the...

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https://www.nbcnews.com/business/business-news/march-jobs-report-shows-loss-701-000-jobs-n1175726

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