Coronavirus virus outbreak spreads to global economy
In the United States, jobless claims rose to 281,000 in March, this reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture.
That number reflected a significant rise from last week's 211,000, which was unrevised from the initial estimate, according to the Labor Department. It was the highest number since Sept. 2, 2017.
The department said the numbers were "clearly attributable to impacts from the COVID-19 virus. A number of states specifically cited COVID-19 related layoffs, while many states reported increased layoffs in service-related industries broadly and in the accommodation and food services industries specifically, as well as in the transportation and warehousing industry, whether COVID-19 was identified directly or not."
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