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US lost 700,000 jobs in March as COVID-19 pandemic whacks economy

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The American economy lost 700,000 jobs last month as the coronavirus pandemic forced widespread economic shutdowns and almost certainly pushed the economy into recession.

“In March, employment in leisure and hospitality fell by 459,000,” the Bureau of Labor Statistics reported. “Most of the decline occurred in food services and drinking places (-417,000); this employment decline nearly offset gains over the previous 2 years.”

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Although the unemployment rate in the month ticked up to still-low 4.4 percent, it is likely that the jobs report doesn’t capture the full damage that the pandemic has been done to the economy.

More than 10 million Americans have filed for unemployment benefits in just the past two weeks, which has shattered records for the most jobless claims filed over a two-week period.

“This jobs report was very bad,” commented Bloomberg Businessweek editor Joe Weisenthal. “And everyone knows that’s just the tip of the iceberg.”


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WATCH: Minneapolis police station burns after #BlackLivesMatter protesters seize the building

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On Thursday night, the Minneapolis Police Department's third precinct was destroyed.

Here are some of the images from the scene.

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WATCH: Don Lemon blasts Trump — and explains why nobody wants to hear from him on George Floyd’s murder

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CNN anchor Don Lemon slammed U.S. Attorney Erica MacDonald for invoking President Donald Trump on Thursday.

“I know she has a tough job, but guess what, as long as we are being honest right now, nobody wants to hear from the White House or the attorney general right now,” Lemon said. “No one wants to hear from the man who wanted the death penalty to come back for the Central Park Five.”

“No one wants to hear from the man who says that the former president was not born in this country. No one wants to hear from the man who said there are ‘very fine people on both sides.’ Do you understand what I am saying?” he asked.

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Shocking videos as Minneapolis burns — after authorities refuse to arrest George Floyd’s killer

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Minnesota is experiencing another evening of devastating protests on Thursday after Hennepin County Attorney Mike Freeman and US Attorney Erica MacDonald held a press conference where they announced the investigations of George Floyd's killing were continuing, but no arrests had been made.

Here are some of the images from the scene:

https://twitter.com/AndrewMannix/status/1266191109891469313

https://twitter.com/NFerraroPiPress/status/1266191727129477120

https://twitter.com/EChalouxKSTP/status/1266196683957964801

https://twitter.com/WCCO/status/1266192653978304512

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