March non-farm payrolls: “much worse is to come”

03 April 2020

 

The US economy has ceased producing jobs in net terms as infection controls began to be implemented and commerce slowed dramatically. The US unemployment rate had been around 3.5% since September 2019, with around 1.5 million positions created on a rolling annual basis. However, the latest employment report indicates the US economy has begun a period of significant job losses. According to the US Bureau of Labor Statistics, the US...

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