People walk on Wall St. outside the New York Stock Exchange, August 7, 2019.

Brendan McDermid | Reuters

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8:37 am: Biggest jobs drop in a decade, US payrolls fall by 701,000 in March

U.S. payrolls fell by 701,000 in March, according to the Labor Department. This report is the first decline in jobs since 2010 and the worst print since 2009. The unemployment rate rose to 4.4% from 3.5% as employers just began to cut payrolls ahead of social distancing practices that shut down large swaths of the U.S. economy in order to stop the virus’s spread. Economists surveyed by Dow Jones had been looking for a

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