Economy Watch: 701,000 Jobs Lost in March Report, Unemployment Rate Rises

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The US economy shed 701,000 jobs in March, causing the unemployment rate rise to 4.4 percent. Economists say the March report fails to capture the full damage from the virus, as these jobless numbers only reflect claims filed up to March 12, just as the nation began shutting down. More than 10 million unemployment claims were filed in just the past two weeks. These figures are just the latest data showing how the coronavirus is impacting the US economy. This week on Boom Bust, host Brent Jabbour was joined by market analyst Tobin Smith, who says this economic rollercoaster, is likely to continue for several months. Just Press Play has that segment and the best of other in-depth reports, exclusive interviews and controversial issues you may have missed during the week on RT America. Plus we have a live interview with RT sports reporter Steve Christakos, who explains how the world of sports is working to lessen the impact of Covid-19.

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