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in April the Bureau of Labor Statistics issued its first jobs report since the corona virus pandemic overwhelmed the US the new data say that US employers shed 700 and 1,000 jobs in March change in non-farm payrolls went negative for the first time in 113 months the unemployment rate also rose to four point four percent from a 50-year low of 3.5% but its still unlikely that these losses show the full impact of the crisis for the most recent jobs report its capturing the labor market before the worst of the corona virus pandemic took hold in the United States and before many states acted to restrict movement and close non-essential businesses Laden March a different metric initial jobless claims shot to record highs then the next week six point six million people filed claims economists say that these numbers foreshadow a coming surge in unemployment heres how to read the March jobs report in light of the shutdowns like nearly all such jobs reports the March 1 was based on surveys t