Historic run of jobs growth halted in March

Non-farm payrolls fell by 701,000 last month, marking the first time the U.S. has experienced monthly job losses since September 2010. The unemployment rate rose to 4.4%, up from 3.5%,  marking the greatest single month to month point increase in unemployment since 1975. KPMG Chief Economist Constance Hunter shares her thoughts in on today's jobs report and previews what can be expected in the months to come.


For additional information or to arrange an interview, please contact Matt Weiss at mweiss@kpmg.com

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Media contact

Matt Weiss

Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138

 

 

Constance L  Hunter

Constance L Hunter

Chief Economist, KPMG US

+1 212-954-3396

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