The grim forecast came from a recent government report. LOS ANGELES - Private employers slashed 2.7 million jobs in May as the coronavirus-induced lockdown devastated the U.S.
economy and labor market, according to the ADP National Employment Report released Wednesday. The number was well below the 9 million job losses forecast by Refinitiv economists. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates "This number is so much below expectation, or what you would get if you built up from the claims number, that I wonder about it," said Kevin Hassett, a member of President Trump's economic team. "I'll go back to my desk and study it." He continued: "The number is so good, it's such good news, that I really