New York (CNN Business) The United States could lose up to 1 million jobs in March because of the severe disruptions caused by the coronavirus pandemic, former Trump administration economist Kevin Hassett warned Monday.

"You're looking at one of the biggest negative job numbers we've ever seen," Hassett told CNN's Poppy Harlow.

Nike NKE Apple AAPL That ominous forecast underscores the enormous strains the coronavirus has placed on the American economy. Airlines are canceling flights. Cruises are halted.and other retailers are shuttering stores. Las Vegas casinos are going dark . Millions of Americans are working from home. And some US states are forcing restaurants and bars to close to fight the spread of the pandemic.

"The odds of a global recession are close to 100% right now," said Hassett, who is now a CNN economics commentator.

At a minimum, businesses disrupted by the health crisis, especially in the tourism industry, will freeze their hiring. That hiring freeze could severely weigh on the March jobs report.

Read More