Forexlive Americas FX news wrap: NFP tumbles as the start of coronavirus felt in US jobs report

Forex news for NY trading on aApril 3, 2020 The US employment report for March was released today and despite expectations that the survey occurred before the start of the coronavirus layoffs, a hefty -701K decline (estimate -100 K) was recorded. The unemployment rate rose to 4.4% from 3.5% (above the 3.8% estimate). The average workweek fell to 34.2 from 34.4 last month.