Usa Washington economy Government Coronavirus Usa Washington

Jobs report Friday is expected to end record hiring streak

Reading now: 827
www.clickorlando.com

WASHINGTON – After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus.

Economists have forecast that the government will say employers shed about 150,000 jobs and that the unemployment rate rose from a half-century low of 3.5% to 3.9%, according to FactSet.

But the jobs figure will vastly understate the magnitude of last month's losses because the government surveyed employers before the heaviest layoffs struck in the past two weeks.

Nearly 10 million Americans have since applied for unemployment benefits, far more than for any corresponding period on record.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA