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Coronavirus halts a decade of US jobs growth

Coronavirus halts a decade of US jobs growth

A decade of jobs growth in the US came to an abrupt halt in March as employers shed 701,000 jobs amid the coronavirus outbreak.
The unemployment rate rose to 4.4% in the biggest one-month jump since 1975, according to new data from the US Department of Labor.

The leisure and hospitality industries accounted for more than half the cuts, reports BBC.The losses – greater than expected – are believed to now be worse since the data was collected early in the month.

Since then, cases of coronavirus have jumped to more than 277,000 and a majority of states have put lockdown measures in place, forcing most businesses to close.