Coronavirus halts a decade of US jobs growth

Sun Online Desk

4th April, 2020 01:27:18 printer

Coronavirus halts a decade of US jobs growth

A decade of jobs growth in the US came to an abrupt halt in March as employers shed 701,000 jobs amid the coronavirus outbreak.

The unemployment rate rose to 4.4% in the biggest one-month jump since 1975, according to new data from the US Department of Labor.

The leisure and hospitality industries accounted for more than half the cuts, reports BBC.

The losses - greater than expected - are believed to now be worse since the data was collected early in the month.

Since then, cases of coronavirus have jumped to more than 277,000 and a majority of states have put lockdown measures in place, forcing most businesses to close.