U.S. jobless rate spikes to 14.7%, highest since Great Depression

THE U.S. JOBLESS rate increased to 14.7% in April. / AP FILE PHOTO/PAUL SANCYA
THE U.S. JOBLESS rate increased to 14.7% in April. / AP FILE PHOTO/PAUL SANCYA
WASHINGTON (AP) – The United States unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. The losses reflect what has become a severe…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display