US: Heavy Job Losses in March Only the Thin Edge of the Wedge of COVID-19 Impact

<p>Non-farm payrolls fell 701k positions in March, much worse than consensus expectations, as job losses due to the coronavirus pandemic started to mount. That result is close to the worse months for job losses during the global financial crisis. The unemployment rate jumped up to 4.4%, from 3.5% in February. That is the largest one-month […]</p>
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