Coronavirus News Asia

Pandemic fuels historic US job losses


Live version of coronavirus map

The United States on Friday recorded its steepest job losses in history over the coronavirus pandemic as Europe moved to keep its borders shut for another month.

Hopes have been rising that the worst of the global catastrophe, which has killed more than 270,000 people, has passed, and the United States on Friday approved a new at-home saliva test to speed up diagnosis for Covid-19.

But after weeks in which half of humanity was restricted from carrying on normal life, the effects have been painfully visible, with the global economy suffering its most acute downturn in nearly a century.

In the United States, 20.5 million jobs were wiped out in April — the most ever reported — with unemployment rising to 14.7%, the highest since the Great Depression.

Click on the link at the top of the story to see a live version. Source: Johns Hopkins University

The world’s largest economy has suffered the deadliest coronavirus outbreak, with more than 77,000 fatalities and nearly 1.3 million cases.

Mindful of elections in November, President Donald Trump has nonetheless vowed to reopen the country, and a growing number of state governors have already let business resume with precautions.

Trump played down the unemployment numbers, as the White House pointed to substantial gains Friday on global stock markets as proof that better times were ahead.



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