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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%

Published Fri, Apr 3, 2020 · 09:50 PM

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 said employers cut 701,000 jobs last month after adding a revised 275,000 in February. The unemployment rate shot up to 4.4 per cent from 3.5 per cent.