Unemployment surged to 14.7% in April as the US lost a record 20.5 million jobs

· *The US Bureau of Labor Statistics on Friday said the US unemployment rate spiked to 14.7% in April as the coronavirus forced a widespread US economic shutdown. That's the highest level since the Great Depression.*
· *The data also showed nonfarm payrolls contracted by 20.5 million in April, by far the most on record.*
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