United States  

Virus Kills Record 20.5M Jobs as Unemployment Rate Triples to 14.7%

Newsmax 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.
0
shares
ShareTweetSavePostSend
 
Video Credit: 41 Action News - Published
News video: Amid record-breaking unemployment, KC center offers hiring resources

Amid record-breaking unemployment, KC center offers hiring resources 01:29

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.

You Might Like


Related videos from verified sources

New job opportunities as states reopen [Video]

New job opportunities as states reopen

As the new unemployment rate sits at an all time high, there are parts of the economy that are starting to respond. Scripps reporter Chris Conte reports.

Credit: KTNV Channel 13 Las Vegas     Duration: 01:53Published
Dismal Jobs Report May Spell Trouble For Trump In November [Video]

Dismal Jobs Report May Spell Trouble For Trump In November

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..

Credit: Wochit Tech     Duration: 00:34Published
Are You On An H-1B Visa? Here's What To Do If You Get Laid Off [Video]

Are You On An H-1B Visa? Here's What To Do If You Get Laid Off

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..

Credit: Wochit     Duration: 00:42Published

Related news from verified sources

A devastating jobs report for April will show virus’s impact

WASHINGTON (AP) — The U.S. government on Friday is poised to report the worst set of jobs numbers since record-keeping began in 1948, a snapshot of the...
Seattle Times


Tweets about this