U.S. private payrolls dive by a record 20.2 million

U.S. private payrolls dive by a record 20.2 million

WASHINGTON (Reuters) – U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last...
S&P 500, Nasdaq up as tech stocks rise; lockdown easing hopes persist

Wall Street gains on optimism over easing lockdowns

(Reuters) – Wall Street’s main indexes rose on Wednesday on hopes of a pickup in business activity as states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in U.S. private payrolls last month. FILE PHOTO: The New...