U.S. Payrolls Fall 701,000 in March Ahead of Surge in Layoffs
A person reads a sign on the door of a Macy’s Inc. store announcing the store’s closure due to Covid-19 in Washington, D.C., U.S., on March 31, 2020. (Photographer: Andrew Harrer/Bloomberg)

U.S. Payrolls Fall 701,000 in March Ahead of Surge in Layoffs

(Bloomberg) -- U.S. employment plummeted last month by a degree not seen since the last recession, in just an early glimpse of the devastation from the coronavirus pandemic.
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