What’s more, the job losses do not fully represent the economic carnage of the pandemic, ADP said. Services — including business and financial, education, administrative jobs and leisure and hospitality — saw the lion’s share of losses, shedding more than 16 million jobs in April. ADGoods-producing jobs — including mining, construction and manufacturing — also were hit hard, eliminating nearly 4.2 million positions. In terms of size, big businesses (with 500 or more employees) saw the most reductions to their payrolls, nearly 9 million jobs. Small businesses (with 50 or fewer employees) slashed 6 million positions.

Source: Washington Post May 06, 2020 13:46 UTC