More than 20 million jobs vanished in April, new ADP report says
U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with the COVID-19 outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.
The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the world’s largest economy unscathed.
The leisure and hospitality sector, including restaurants and hotels, was down by 8.6 million people. No one alive in the U.S. now has ever seen anything like this.
The monthly ADP report is based on actual payroll data. ADP says these are the worst job loss numbers ever.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
