Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate at 4.4%

Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. The official unemployment rate slipped to 6% from 6.2%......»»

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......»»

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 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......»»

Almost 3.2 million people applied for unemployment benefits last week after the coronavirus cost them their jobs, but the historic wave of layoffs tied to the pandemic is receding......»»

Here are some initial reactions to the U.S. March jobs report, which showed a greater-than-expected 701,000 jobs lost in the month, and the unemployment rate rising to 4.4%......»»

Associated Press The Bureau of Labor Statistics said nonfarm payrolls contracted by 701,000 in March as the coronavirus forced a widespread US economic shutdown. That marked a sharp decline from t.....»»

What economists are saying about the March jobs report, which showed 196,000 positions added in the month as the unemployment rate held at 3.8%......»»

The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival. The flush of new jobs kept the unemployment rate near a 50-year low of 3.8%......»»

Here’s what economists are saying about the March payrolls report, which showed 103,000 new jobs created in the month and the unemployment rate holding at a 17-year low of 4.1%......»»

Oregon added more jobs in March than any month since last July......»»

While the unemployment rate fell to 6% amid a surge in hiring, Insider calculates the "real" rate used by the Fed and the Treasury still sits at 8.7%. Moviegoers s.....»»

U.S. stock-index futures traded higher Friday morning after a blockbuster March jobs report, though cash trading in equities - and most other markets - are closed du.....»»

Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. The official unemployment rate slipped to 6% from 6.2%......»»

Despite the leisure and hospitality industry still struggling during the coronavirus pandemic, Florida’s unemployment rate continues to improve as vaccinations increase and people return to the workforce. The state Department of Economic Opp.....»»

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......»»