March Jobs Report Shows Biggest Losses in Food Services, Restaurants and Bars

The unemployment rate jumped to 4.4%, from a 50-year low in February of 3.5%

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The United States lost 701,000 jobs in March, according to the Labor Department’s monthly job report released today, halting a decade-long record of growth. The unemployment rate rose from 3.5% in February to 4.4% in March, the highest monthly increase since 1975.

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