Private Sector Lost 20.2 Million Jobs In April: ADP

The U.S. economy shed 20.2 million private sector jobs in April, according to ADP, the worst monthly reading in the company’s history of reporting job loss.

“Job losses of this scale are unprecedented,” said Ahu Yildirmaz, co-head of the ADP Research Institute.

“The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession,” he added.

Read more at The Hill.

{Matzav.com}