New York (CNN Business)The March jobs report, which will be released Friday, marks the beginning of the post-outbreak US labor market. But it won’t be able to tell us just how bad things are likely to get.In recent weeks, companies have been laying off thousands of employees throughout the country and across industries — with the hospitality, leisure and travel sectors hit hardest as Americans stopped traveling or even leaving their homes. Now the focus turns to the March jobs report, due Friday at 8:30 am ET, the first from the Bureau of Labor Statistics since COVID-19 began sweeping across America.Economists polled by Refinitiv expect a drop of 100,000 jobs in March, bringing the 10-year stretch of continuous increases in monthly job numbers to a screeching halt. It also would push the unemployment rate to 3.8%. In comparison, the economy added 273,000 jobs in February, when the unemployment rate stood at 3.5%, near a 50-year low.The BLS surveys on which the jobs report is based were conducted in the second week in March, when the outbreak’s impact on American businesses and workers was still muted.Since then, initial claims for unemployment benefits have skyrocketed. In the week ended March 21, nearly

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