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Tuesday, 03 August, 2021
HomeFinancialThe first U.S. layoffs from the coronavirus are here

The first U.S. layoffs from the coronavirus are here

(The Washington Post) – Hundreds of Americans lost jobs this week as the coronavirus outbreak has taken a toll on the U.S. economy and brought industries to a standstill, according to interviews with two dozen companies and workers.

Strong job growth defined the U.S. economic expansion over the past decade. The early layoffs indicate the coronavirus is triggering a rapid turnaround in an American economy that weeks ago looked strong, with unemployment at a half-century low.

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