A homeless encampment is seen under a freeway overpass on Thursday, May 7, 2020, in Oakland, Calif. 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/Ben Margot)
May 8, 2020
Stories this photo appears in:
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