April jobs report to show record unemployment from coronavirus

The United States appears to have lost more than 20 million jobs in April, but even such a shockingly large increase might understate the destruction wrought by the coronavirus on the labor market......»»

Some 3.8 million workers who just lost their jobs applied last week for unemployment benefits, bringing a record number of layoffs during the coronavirus crisis to about 30 million in a month and a half......»»

New applications for U.S. unemployment benefits rose in mid-February to a four-week high of 861,000, showing lots of Americans are still losing their jobs nearly a year after the onset of the coronavirus pandemic......»»

Nearly 800,000 people applied for unemployment benefits in early February, signaling that scores of workers are still losing their jobs despite the rollout of coronavirus vaccines and a decline in Covid-19 cases......»»

The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year......»»

The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year......»»

New applications for U.S. unemployment benefits fell to a three-week low of 803,000 right before Christmas, but the relatively high level still reflected a fresh wave of layoffs tied to the record outbreak in coronavirus cases......»»

Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»

Reuters Friday's April nonfarm payroll report from the Labor Department was dismal — the US economy lost a record 20.5 million jobs, and the unemployment rate surged to 14.7%. "The size of the devast.....»»

San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression With the worst jobs report in history under our belt, which saw a record 20.5 million jobs lost in April, an.....»»

On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late......»»

The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus......»»

The U.S. unemployment rate exploded to 14.7% in April after more than 20 million jobs were lost to the coronavirus, but that is just the official number. The real jobless rate was at least 20%......»»

The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed......»»

The coronavirus pandemic destroyed 20.5 million jobs in April, driving the unemployment rate to a post Word War Two high of 14.7% as the United States faced its biggest economic crisis in almost a century......»»

U.S. stock index futures rose on Friday as signs of improving relations between the United States and China boosted sentiment ahead of a key jobs report that is likely to show a historic surge in unemployment due to coronavirus-induced lockdowns......»»

Nearly all the job growth in the 11 years since the Great Recession ended may have vanished in one month.....»»

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The April 2020 jobs report, which will be released by the Bureau of Labor Statistics this Friday, is expected to give a chilling account of the labor market, showing layoffs surged and unemployment rose to Great Depression levels last month......»»

Reuters US private payrolls sank by a record 20.2 million in April as coronavirus layoffs persisted, according to .....»»