Home » Economy » Coronavirus pandemic battered these industries in March as US economy lost 701,000 jobs
Coronavirus pandemic battered these industries in March as US economy lost 701,000 jobs
Government sector is winner in hiring during coronavirus
FOX Business’ Edward Lawrence breaks down the March jobs report.
U.S. employers lost 701,000 jobs in March, breaking a decade-long streak of employment gains as the coronavirus pandemic forced the nation's economy to come to a grinding halt.
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It was the first decline in payrolls since September 2010, and the steepest since March 2009, in the midst of the Great Recession — but the losses were more pronounced in some sectors than in others.
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The private sector accounted for all of the losses last month, with 713,000 positions disappearing from the payroll, according to the Labor Department's report released on Friday. The government actually added 12,000 jobs last month, with the federal government hiring 18,000 workers, the majority for work on the 2020 Census.