US economic activity tanks the most since 2009 as the coronavirus fuels an all-but-certain recession

8:31am PDT - March 24th, 2020    unemployment rate - Business Insider

IHS Markit's composite purchasing managers index plummeted to 40.5 in March from 49.6, reaching a record low for the metric and posting its steepest single-month drop since October 2009. The firm's services gauge sank 10.3 points to 39.1 in March, another rec…