U.S. Shed 701,000 Jobs in March in Foretaste of Worse to Come

Friday, 3 April 2020 19:48 WIB

Ekonomi ASNon-Farm Employment


The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy.

The figures, normally the most eagerly-awaited data of the month in global financial markets, have already been rendered largely meaningless by the unprecedented spike in jobless claims over the subsequent two weeks. Nearly 10 million Americans – 6% of a total workforce of 164 million - have filed for unemployment benefit since the Bureau of Labor Statistics’ cut-off date of March 12.

Analysts had expected a drop of 100,000 in overall employment, according to an poll, roughly in line with figures reported by private payrolls processor ADP earlier in the week.

According to the government’s data, the unemployment rate rose to 4.4% from a multi-year low of 3.5%, above forecasts for a rate of 3.8%.  Average hourly earnings growth accelerated to 3.1%, while weekly hours worked fell to 34.2 from 34.4.

Source :




Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.