US Unemployment Rate Climbs to 4.4 Percent in March Jobs Report

US Unemployment Rate Climbs to <br />4.4 Percent in March Jobs Report The rate exceeds a <br />previous expectation of 3.8 percent. Due to the coronavirus pandemic, <br />America's economy has lost jobs <br />for the first time in 10 years. According to figures from the <br />Labor Department, 701,000 roles <br />were shed last month. Not since March 2009 has <br />there been that big of a fall. The most losses came from the service industry, which has <br />nearly completely closed. The report's data for March was collected before the majority of the country went on lockdown. This jobs report does not include the <br />last two weeks of March. New unemployment <br />claims skyrocketed to a combined 9.9 million. Labor Department, via statement Labor Department, via statement