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An ironworker works at a high rise building construction site, Thursday, May 7, 2020, in the SoHo neighborhood of the Manhattan borough in New York. 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/Mary Altaffer)

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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