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21.04 - 18:35
Seven lakh jobs gone in 14 days in US, worst yet to come
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Washington: The worst stage of coronavirus pandemic became visible in the US when the Donald Trump government reported that employers cut over 7 lakh jobs in the first two weeks of March -- close to the May 2009 financial crisis peak of 800,000 job losses.
Most of the job losses were reported from restaurants and bars, followed by retailers. It was the first decline in payrolls since September 2010, CNBC reported.
The unemployment rate rose to 4.4 per cent - from 3.5 per cent -- the first job decline in a decade, the US Bureau of Labor Statistics reported on Friday.
The Labor report, however, doesn't capture "the nearly 10 million laid-off and furloughed Americans who filed initial jobless claims in the past two weeks as much of the
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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