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U.S. Lost 701,000 Jobs In March; Much Worse To Come

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The monthly employment report for March is based on surveys conducted three weeks ago, before the widespread closing of restaurants, retail shops and other businesses began.

For the first time in nearly a decade, the economy suffered a net loss of jobs as the coronavirus began to take hold in the country. The unemployment rate shot up to 4.4%.

(Image credit: Rogelio V. Solis/AP)


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