The private sector cut 20.2 million jobs in April in the United States, the coronavirus pandemic having caused an abrupt shutdown of the economy and the massive closure of companies, according to new data published Wednesday by ADP Research. Institute.
Job losses in April are the worst in history since the report was released in 2002, and is double that of the Great Recession, the co-worker said in a statement. director of the ADP Research Institute, Ahu Yildirmaz.
Despite the staggering number of new unemployed, these losses do not fully reflect the economic damage of the pandemic, said the ADP.
The report uses data only until the 12th of the month, according to the Bureau of Employment Statistics. Over 8 million Americans filed for unemployment in the weeks that followed.
The services sector, which includes business and financial services, education, administrative and leisure jobs and the hotel industry, was most affected by the crisis, cutting more than 16 million jobs in April .
Some 3.4 million additional jobs were lost in trade, transportation and public services, followed by 2.5 million in construction and 1.6 million in manufacturing.
More than 30 million Americans have applied for unemployment insurance since the start of the pandemic.
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