“Job losses of this scale are unprecedented.' The coronavirus pandemic has triggered the worst unemployment since the Great Depression.
The numbers: Private-sector companies shed a whopping 20.2 million jobs in April as many were forced to shutter during a nationwide shutdown to slow the coronavirus, underscoring the biggest crisis for American workers and the U.S. labor market in nearly a century.
Companies that produce goods laid off 4.2 million workers, with 2.5 million job losses in construction and 1.7 million in manufacturing.Read: U.S. trade deficit soars 12% i as coronavirus slams exporters and tourism If anything, the ADP report might have undercounted the number of lost jobs. The survey counts individuals as employed as long as they are on the payroll, even if their hours have been reduced to zero. ADP does not include government jobs.
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