Virus Kills Record 20.5M Jobs as Unemployment Rate Triples to 14.7%
Friday, 8 May 2020 The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The national April jobs report, which was released Friday, painted a grim picture of an economy devastated by the coronavirus pandemic: 20.5 million jobs lost and an unemployment rate of 14.7%, the worst since the Great Depression.
Senior White House economic adviser Kevin Hassett spread some gloomy news Sunday about the US economy. Appearing on CNN's 'State of the Union,' Hassett said US unemployment rates are likely to spike in..
The US unemployment rate jumped to 14.7% in April. It's the highest it's been since the Great Depression.
According to Business Insider, the April jobs report shows that more than 20 million jobs were..