Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate at 4.4%

[Yo_Mama_Been_Loggin]

The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here's the latest news on how the COVID-19 crisis is affecting the economy. For more on financial resources available during the pandemic, click here.

The Dow Jones Industrial Average fell more than 350 points Friday, or approximately 1.7%, to close out a volatile trading week.

The S&P 500 and Nasdaq both slipped about 1.5%.

The government jobs report released earlier in the day ended a streak of historically-low unemployment figures in the U.S., and officials warned that the economic impact of the COVID-19 outbreak would get worse.

https://www.msn.com/en-us/money/markets/coronavirus-economic-updates-us-cuts-701k-jobs-in-march-unemployment-rate-at-44percent/ar-BB127C1N?li=BBnb7Kz

[gibraltar72]

1. These are bullshit numbers of course. We are closer to 14 than 4.

[Wellstone ruled]

2. Yes they are.

Those seem to be Corporate announced job loses. My god,we lost 260k in one day here in Vegas Valley. And that does not even count those who will never qualify for unemployment.