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Covid-19: US employment falls 701,000 in March

The US economic system shed 701,000 jobs in March amid the wear inflicted by way of the coronavirus shutdowns, whilst the unemployment rate surged to four.four in line with cent, the labor division reported on Friday. That was the worst task loss since March 2009 throughout the depths of the worldwide monetary disaster, and the biggest jump in the jobless rate in more than 45 years, the report stated.

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