Worst job losses seen in US after the 2008 recession.
The corona virus pandemic have led to a hige labour market collapse in the US. More than 7,00,000 jobs have been cut in the market. The Coronavirus outbreak which led to the closure of non essential businesses and has put one third of thw world in Lockdown. Mainly Restaurant workers,industrial workers,self employed people have lost their jobs. The Unemployment rates are just increasing in the US with a rise to 3.8% from the 3.5% seen in February. This is said to be the biggest rise in 50 years.
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