US payrolls plunge 701,000 in March amid the start of a job market collapse


(Worthy News) – Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis.

It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,000. Some two-thirds of the drop came in the hospitality industry, particularly bars and restaurants forced to close during the economic shutdown. [ Source: CNBC (Read More…) ]

13
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Israel, Lebanon Conclude First Day of Rome Talks as Negotiations Turn to Border and Security Issues
Campus Free Speech Policies Reach Best Level in 20 Years, FIRE Report Finds
Russian Strikes Revive Black Sea Blockade, Threatening Ukraine’s Economy
Israeli Surgeons Rebuild Cancer Patient’s Chest With Personalized 3D-Printed Implant
Iran Sends Special Forces Into Iraqi Kurdistan in Escalating Campaign Against Kurdish Opposition
Egypt Executes Killer Of Coptic Priest
Heatwave Pushes Central Europe Into Energy Crisis As Nuclear Plants Struggle
U.S. Expands Intelligence Presence in Cuba as Pressure Mounts on Communist Regime
British Millionaire Pledges Legal Aid for Christian Street Preachers
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News