US cuts 701K jobs in March amid coronavirus crisis
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US employers have cut 701,000 jobs in March and the staggering unemployment rate climbed to 4.4% from 3.5%, according to the latest report from the Bureau of Labor Statistics. The report clearly shows the initial impacts of the COVID-19 pandemic on the US labor market. At least 45 states have already issued or announced massive closures of non-essential businesses to contain the spread of coronavirus in the US.