March jobs report: US economy loses 701,000 jobs amid coronavirus - Business Insider

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The US economy lost 701,000 jobs in March, even before the worst of the coronavirus shutdown

, a national staffing and recruiting firm in Chicago, Illinois, decided to shut his office and have his employees work from home because of coronavirus.

. The bill includes direct payment to many American households, relief for distressed businesses, and expands unemployment by adding as much as $600 a week to state benefits. Molly Surber, 25, was recently laid off from her waitressing position at Prime Quarter Steak House in Janesville, Wisconsin, when the restaurant closed due to the coronavirus outbreak. She filed for unemployment, but is waiting on approval, which could take about three weeks, she said. At the same time, her welding classes at a local technical college have been postponed as it's not possible to take them online.

Much of the economy's future also hinges on public health policy and how well social-distancing measures work to flatten the curve and slow the spread of disease.

 

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