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LATEST US DATA

Covid-19 brings record US job growth to an end in March

Labor Department says employers cut 701,000 jobs in March and the unemployment rate shot up to 4.4% from 3.5%

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A lady selling face masks on the street in Los Angeles after losing her job. Economists say non-farm payrolls had been forecast to decrease by 100,000 jobs last month, snapping a record streak of employment gains dating to October 2010.

Washington

THE US economy shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway.

The Labor Department...

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