US economy shed 701,000 jobs in March, the first decline in decade
Published: Apr 03, 2020 08:52 PM

A resident wearing mask is seen in a metro station in Washington D.C., the United States, March 31, 2020. Health experts on the White House Coronavirus Task Force said Tuesday that even with the Trump administration's national social distancing guidelines in place, Americans still should be prepared for the prospect of the coronavirus causing 100,000 to 240,000 deaths in the country. (Photo by Ting Shen/Xinhua)

US employers cut 701,000 jobs in March, and the unemployment rate soared to 4.4 percent, showing the first job decline in a decade, the US Bureau of Labor Statistics reported Friday.