U.S. businesses cut 27,000 jobs in March, before virus hit and unemployment exploded
"U.S.
companies shed 27,000 jobs in March, according to a private survey, a
figure that mostly reflected the economy as it stood before the full
impact of the viral outbreak.
"Payroll
processor ADP said small businesses took the biggest hit, losing 90,000
jobs, while medium-sized and large companies still added workers.
Economists forecast that much larger job losses, probably in the
millions, will be reported in the coming months." -
