US Economy Sheds 7 Lakh Jobs In March Amid Coronavirus Crisis

The US economy shed 701,000 employments in March in the midst of the harm incurred by the coronavirus shutdowns, while the joblessness rate flooded to 4.4 percent, the Labor Department revealed Friday.

That was the most noticeably awful activity misfortune since March 2009 during the profundities of the worldwide budgetary emergency, and the greatest hop in the jobless rate in over 45 years, the report said.

Nonetheless, the Labor Department recognized it “can’t absolutely evaluate the impacts of the pandemic hands on market in March.”