March Jobs Report Drives Stocks Lower to Close Out Another Bumpy Week

ByNicole
march-jobs-report-drives-stocks-lower-to-close-out-another-bumpy-week

News that the U.S. economy lost more than 700,000 jobs in March sent media stocks into the red in early trading Friday to close out another bumpy week for U.S. equities.

The Department of Labor reported that employers shed 701,000 jobs in March, although the statistics do not reflect the worst of the coronavirus-related losses from later in the month after pandemic-related shutdowns put millions of Americans out of work.

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