A new report has revealed that United States US Economy shed 701,000 jobs in the month of March, amid the Coronavirus outbreak.
The new report said that this is the 133th straight month of unemployment in the country that claims to be the super power.
The Labor department of the United States has closely watched the unemployment report, the situation about US Economy worsening day by day as stringent measures taken to curb the spread of the virus.
Economist Joel Naroff has said, that we just seeing tip of iceberg when it comes to collapse of labor market,”
With Reference to the latest statistics provided by the John Hopkins University,
Total number of confirmed cases of coronavirus across United States passed 0.3 million, of which 8,287 have been reported dead.
However, 14,607 patients recovered.
Earlier, PRESIDENT of the United States Donald Trump said federal government setting up a 2,500-bed field hospital at New York’s Javits Convention Center.