US: Devastating Job Losses in April Takes Unemployment Rate to a Record-Setting 14.7%

<p>20.5 million jobs were lost in April’s payrolls report as many businesses shut down to slow the spread of COVID-19. April’s jobs report shatters records. Never before has so much economic activity come to a sudden, screeching halt. The unemployment rate skyrocketed to 14.7% in April, from 4.4% in March – blowing away the previous […]</p>
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