Scott Rusk

Scott Rusk

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March Small Business Layoffs Skyrocket by 1,000 Percent

Layoffs among small businesses skyrocketed in March, climbing more than 1,000 percent over the previous month.

The disturbing new number, released Friday by Gusto data science, indicates more than 2 million small business employees lost their jobs last month as a result of the coronavirus pandemic. "This is unprecedented," says Gusto rep Daniel Steinberg. "That’s 4 percent fewer people employed in one month."

New York leads the country in small business layoffs, followed by Nebraska and New Mexico, Gusto reports.


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