US employers laid-off 7.7 mn workers in April amid Covid-19 outbreak

The Labour Department also said in a Tuesday report that job openings plummeted and hiring all but disappeared in April. The number of available jobs fell 16% from March, to 5 million

US employers laid off 7.7 million workers in April due to the deep economic hole that was created by the closure of thousands of offices, restaurants, stores and schools during the coronavirus (Covid-19) pandemic.

The Labour Department also said in a report on Tuesday that job openings plummeted and hiring all but disappeared in April. The number of available jobs fell 16% from March, to 5 million. Hires declined 31% to 3.5 million.

The grim April which followed an even bleaker March with 11.5 million layoffs suggests that the economy could take time to recover nearly a decade's worth of