But the numbers clearly tell just a part of the story and are going to grow much bigger. 🔐
March payrolls dropped by 701,000 in the U.S. — just beginning to tell the tale of the coronavirus shutdown, which sent workers home midmonth.
The Labor Department said: “Employment in retail trade declined by 46,000. Job losses occurred in clothing and clothing accessories stores ; furniture stores , and sporting goods, hobby, book, and music stores . General merchandise stores gained 10,000 jobs.” While the economy has suffered severe slowdowns in the past, with the Great Recession or after the 9/11 terrorist attacks, COVID-19 is proving to be a different kind of challenge — not so much of a slowdown, but something closer to a full stop.
Much will depend on how quickly stores can start to reopen and life can return to something like normal.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
Dow slides after the US economy loses far more jobs than expected in March | Markets InsiderUS stocks fell Friday after the March jobs report disappointed by a wider margin than expected, ending a record 113-month streak of job growth.&...
Consulte Mais informação »
March jobs report: U.S. economy loses 701,000 payrolls, unemployment rate jumps to 4.4%MARCH JOBS REPORT: • Change in non-farm payrolls, March: -701,000 vs. -100,000 expected • Unemployment rate, March: 4.4% vs. 3.8% • Average hourly earnings, year on year: 3.1% vs. +3.0% expected YahooFinance:
Consulte Mais informação »
Gogglebox's Sandra loses fifth relative to COVID-19 and sobs 'everyone is dying'Sandra Martin has now lost five people close to her during the coronavirus pandemic, and she sobbed as she cannot even be with her remaining family due to self-isolation
Consulte Mais informação »
NFL Agent Buddy Baker Loses Both Parents To COVID-19, 'Died 6 Minutes Apart'The longtime NFL agent revealed the tragic news in an emotional video.
Consulte Mais informação »
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.
Consulte Mais informação »