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The numbers: Nearly 10 million people lost their jobs in April after a record 14.6 million were thrown out of work in March, a government report shows, underscoring the widespread devastation to the U.S. labor market from the coronavirus.
The unprecedented back-to-back increases in people losing their jobs in March and April reflects the cumulative damage of a nationwide economic shutdown as the U.S. tried to stop the spread of COVID-19.
The labor market began to recover in May and layoffs are dwindling, but so far it’s been slow going. More than 20 million Americans are receiving jobless benefits and it may be awhile before most return to work.
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