U.S. Private Payrolls Dive By A Record 20.2 Million

07 May 2020

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.

Data for March was revised to show private payrolls decreasing by 149,000 jobs instead of the previously reported 27,000, which was the first decline since September 2017.

Source: investing
Post by : Republic of Turkey Ministry of Trade