Jobs Report Friday is Expected to End Record Hiring Streak

WASHINGTON (AP) — After a record 113 straight months of hiring, the government’s monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus.

Economists have forecast that the government will say employers shed about 150,000 jobs and that the unemployment rate rose from a half-century low of 3.5% to 3.9%, according to FactSet.

But the jobs figure will vastly understate the magnitude of last month’s losses because the government surveyed employers before the heaviest layoffs struck in the past two weeks.

Nearly 10 million Americans have since applied for unemployment benefits.

About Justin Saunders

Justin Saunders has nearly 10 years of experience in radio, television, online and newspaper journalism across the US and Canada. Justin joined the CapeCod.com NewsCenter in May 2014 and continues to help provide coverage of the Cape and Islands.



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