Saturday, June 15, 2024
44.0°F
This photo shows a closed sign at Fashion Nails shop in downtown Chicago, Thursday, May 7, 2020. The U.S. government is poised to report the worst set of job numbers since record-keeping began in 1948, a stunning snapshot of the toll the coronavirus has taken on a now-shattered economy. (AP Photo/Nam Y. Huh)

Stories this photo appears in:

Jobless rate spikes to 14.7%, highest since Great Depression
May 8, 2020 12:02 p.m.

Jobless rate spikes to 14.7%, highest since Great Depression

The U.S. 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