Worst month since Great Depression: US unemployment rate soars to 14.7%, with 20.5 million jobs lost in April ...United Arab Emirates

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The US Bureau of Labor Statistics (BLS) reported on Friday that the coronavirus shutdown has slashed a record number of jobs from nonfarm payrolls, sending the unemployment rate to record highs. The 20.5 million jobs lost last month represents by far the largest and most sudden decline since the government began tracking the data in 1939. The last time American joblessness was that severe was during the Great Depression. With 870,000 jobs slashed in March, a decade’s worth of job gains has now been wiped out in under two months. After the US was hit by coronavirus, the unemployment rate skyrocketed from 3.5 percent in February to nearl

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Last updated : 08 May 2020 clock 05:50 PM

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Worst month since Great Depression: US unemployment rate soars to 14.7%, with 20.5 million jobs lost in April ...United Arab Emirates

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