U.S. expected to release the lowest job number report since record-keeping began

Top Stories

WASHINGTON (AP) – The U.S. government is poised to report the worst set of job numbers since record-keeping began in 1948, a snapshot of the devastating damage the coronavirus outbreak has inflicted on the economy. The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April. If so, it would mean that nearly all the job growth in the 11 years since the Great Recession ended had vanished in one month. Even those grim numbers won’t fully capture the scope of the damage the coronavirus has inflicted on jobs and incomes. Many people who are still employed have had their hours reduced. Others have suffered pay cuts.

LATEST STORIES

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

State Cases State Deaths

Trending Stories