The U.S. Department of Labor (DoL) reported that U.S. corporations announced 1337 “mass layoff actions” in March!  At least 127939 people affected.  (a mass layoff involves 50 or more employees, so it doesn’t count the hundreds of layoffs involving less than 50 people each. it also doesn’t count all the little ‘mom & pop’ businesses that shut down)

The DoL also reported that total job openings dropped 4.3%.  For every job opening there were three people competing for it.