Tag: job losses

US layoffs surpass 38.6 million as lawmakers debate stimulus

  by Chris Stein Agence France Presse WASHINGTON, United States (AFP) — Job losses in the United States are slowing but totaled an unheard-of 38.6 million since the coronavirus pandemic lockdowns began, while officials debate what additional steps will be needed to rescue the beleaguered economy. Another 2.43 million Americans were put out of work last week, fewer than the previous week but still among the highest figures on record, according to the latest Labor […]

US suffers biggest job losses in history amid coronavirus pandemic

by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — With shops and factories closed nationwide due to the coronavirus pandemic, nearly all of the jobs created in the US economy in the last decade were wiped out in a single month. An unprecedented 20.5 million jobs were destroyed in April in the world’s largest economy, the biggest amount ever recorded, the Labor Department said in a report released Friday, the first to capture […]