Economy Lost 701,000 Jobs in March

Headline Roundup April 3rd, 2020

The U.S. economy lost 701,000 jobs in March as the COVID-19 coronavirus spread, shuttering many businesses and creating global economic panic. The unemployment rate also rose to 4.4% from 3.5% the month before; it's the first month the U.S. economy didn't add jobs since 2010.

Many reporting outlets, regardless of bias rating, focused on the expectation that job losses and economic uncertainty will continue through April.

Economy Lost 701,000 Jobs in March

From the Center

The U.S. lost 701,000 jobs in March, breaking a remarkable string of uninterrupted payrolls gains the past decade and revealing just the leading edge of the coronavirus-triggered hurricane that's upending America’s economy and labor market.

The unemployment rate jumped to 4.4% from a 50-year low of 3.5%, the Labor Department said Friday.

The report reflects employers’ jitters early in the month over the unprecedented economic fallout from the pandemic. But it doesn’t capture the nearly 10 million laid-off and furloughed Americans who filed initial jobless claims the past two weeks...

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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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From the Right

The U.S. economy lost 701,000 jobs in March, snapping a decade-long record of employment growth, as strict measures to contain the coronavirus pandemic shuttered businesses and forced Americans to stay at home.

It was the first decline in payrolls since September 2010, and the steepest since March 2009, in the midst of the Great Recession.

The unemployment rate jumped to 4.4 percent, up from a half-century low of 3.5 percent in February.

Economists surveyed by Refinitiv had forecast a payroll decline of 100,000 and the unemployment rate to rise to...

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