AP, Rogelio V. Solis
Job losses for the first time in nearly a decade. A slightly higher unemployment rate. Bad news, yes. But the Labor Department report coming out Friday will be just a hint of the economic misery that’s hitting Americans as the U.S. shuts down to fight the coronavirus.
The monthly report for March is based on surveys conducted three weeks ago, before the widespread closing of restaurants, retail shops and other businesses began.
That unprecedented shutdown has already pushed some 10 million people out of work. But most of those job losses won’t show up until the