![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)](https://hagadone.media.clients.ellingtoncms.com/Virus_Outbreak_California_62943.jpg-21b13_t1170.jpg?5cc718665ab672dba93d511ab4c682bb370e5f86)
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
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![Jobless rate spikes to 14.7%, highest since Great Depression](
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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