Economy loses 20.5M jobs and unemployment soars to 14.7% in April as coronavirus pandemic spreads
The U.S. economy lost 20.5 million jobs in April and the unemployment rate soared to 14.7% — both record highs — laying bare the starkest picture yet of the crippling gut punch delivered by the coronavirus pandemic.In just a month, the historically dismal performance abruptly wipes nearly all the nation’s job gains since the Great Recession of 2007-09.Economists surveyed by Bloomberg forecast 22 million job losses and a 16% unemployment rate.The […]
