Today news
The same in other media
28.05 - 15:47
U.S. layoffs surged to record high of 11.4 million in March
Reading now: 760
WASHINGTON – U.S. layoffs soared in March to a record 11.4 million after state and local governments closed restaurants, bars, movie theaters and other nonessential businesses in response to the intensifying viral outbreak.
The Labor Department also said Friday that job openings plunged, and hiring fell, though those changes weren't nearly as dramatic as layoffs, which rose more than six-fold.
The number of available jobs dropped nearly 12%, to 6.2 million. The number of hires declined 13%, to 5.2 million. New data is revealing how the severity of this downturn has skewed the nature of U.S.
recessions. Businesses typically cut back on hiring first as the economy begins to slow. Layoffs then intensify once employers start to accept that a
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.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|