Data: Federal Reserve Bank of St. Louis; Chart: Naema Ahmed/Axios

The less-followed U.S. jobs report, the Job Openings and Labor Turnover Survey, released Friday showed there were more than 11 million layoffs in March, a record high.

Why it matters: March's nonfarm payrolls report found just 881,000 jobs lost, so the JOLTS report showed the damage that came in the second half of the month as a result of the coronavirus pandemic.

The intrigue: While March's JOLTS report showed a record 8.8 million more jobs lost than the March payrolls report, on a percentage basis the nearly 396% difference in layoffs was lower than the 397% difference between the two reports seen in September 2019.

  • Between December 2000, when the JOLTS report began, and March 2020, the average difference was less than a quarter of that — 94.7%.
  • 2019's layoffs averaged a 152% difference between the two reports, meaning the payrolls report missed a much larger number of layoffs than average.

Between the lines: The JOLTS report also showed that in addition to layoffs, job openings declined materially starting in August 2019.

  • That could mean the labor market was not as strong at the end of the year as the nonfarm payrolls report suggested.
  • Economists say unusually warm winter weather and enthusiasm about the U.S.-China trade deal had helped reverse that trend at the beginning of 2020.

How it works: The Labor Department's nonfarm payrolls report is more timely and closely followed but doesn't account for jobs lost after the typical second payroll period of the previous month (usually between the 12th and the 17th day), a Bureau of Labor Statistics representative tells Axios.

  • Even its revisions only account for data available during that period (the initial March payrolls report showed only 701,000 jobs lost in March).

On the other side: The JOLTS report normally begins collecting data on the last day of the month, BLS says.

  • From there, data collection continues for the next two weeks and is released a month later (e.g. March's report is released in May).

Go deeper: Creaky unemployment systems plague jobless Americans

Go deeper

Bryan Walsh, author of Future
Aug 22, 2020 - Health

Better testing can fight more than the pandemic

Illustration: Eniola Odetunde/Axios

New coronavirus diagnostics could eventually enable near-constant testing — and herald a future where even common infections no longer go undiagnosed.

Why it matters: Rapid testing could be especially important during the winter, when it will become vital to quickly distinguish between an ordinary cold or flu and a new disease like COVID-19.

Aug 25, 2020 - Health

Miami-Dade County mayor lifts indoor dining coronavirus restrictions

People dining outside a restaurant in Miami in July. Photo: Johnny Louis/Getty Images

Miami-Dade County, Florida, Mayor Carlos Gimenez announced on Thursday that restaurant dining rooms can reopen at the end of August, the Miami Herald reports.

Why it matters: The move comes after Gimenez faced pressure from local leaders and restaurant owners to lift emergency restrictions on indoor dining to fight the spread of the coronavirus. The limits had been in place for nearly two months.

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."