Saturday, June 15, 2024
44.0°F
A homeless man carrying his bedding walks past the Miami Jewelry Pawn Shop during the new coronavirus pandemic, Thursday, May 7, 2020, in Miami. 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/Lynne Sladky)

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