US Private Sector Has Lost Over 20 Million Jobs, Report Says
- 4 years ago
US Private Sector Has
Lost Over 20 Million Jobs,
Report Says ADP National Employment's report
says that the cuts happened
between March and April. ADP's Ahu Yildirmaz,
via NPR ADP adds that the service sector
has lost over 16 million jobs. 4.3 million roles have been cut in manufacturing, and
large businesses have slashed nine million jobs. Small and medium-sized
businesses have lost six million
and 5.3 million, respectively. As the COVID-19 pandemic continues in America,
over 30 million people have filed for unemployment. According to NPR, analysts predict
the U.S. Labor Department will show an
unemployment rate of 16 percent for April 2020. In March, the rate increased to 4.4 percent and U.S. job
growth saw its decades-long streak come to an end.
Lost Over 20 Million Jobs,
Report Says ADP National Employment's report
says that the cuts happened
between March and April. ADP's Ahu Yildirmaz,
via NPR ADP adds that the service sector
has lost over 16 million jobs. 4.3 million roles have been cut in manufacturing, and
large businesses have slashed nine million jobs. Small and medium-sized
businesses have lost six million
and 5.3 million, respectively. As the COVID-19 pandemic continues in America,
over 30 million people have filed for unemployment. According to NPR, analysts predict
the U.S. Labor Department will show an
unemployment rate of 16 percent for April 2020. In March, the rate increased to 4.4 percent and U.S. job
growth saw its decades-long streak come to an end.