20.5 Million Jobs Lost in April
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From the Left
Unemployment Hits Staggering 14.7%, 20.5M Lost Jobs in April
The Labor Department’s monthly jobs report has laid bare the devastating economic toll of the coronavirus pandemic, showing that the U.S. unemployment rate hit 14.7 percent in April, with 20.5 million people put out of work. That shatters the the post-World War II record of 10.8 percent in November 1982. The rate was 4.4 percent in March, and the spike is a record on a month-to-month basis. The number of unemployed Americans was listed at 23.1 million. The number of people who usually work full-time dropped by 15 million over...
From the Center
A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%
The impact of the coronavirus-induced economic shutdown tore through the U.S. labor market in April at historic levels, slashing 20.5 million workers from nonfarm payrolls and sending the unemployment rate skyrocketing to 14.7%, the Labor Department reported Friday.
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used to combat the virus.
From the Center
Gold prices find little support as investors parse historic U.S. jobs report for April 
Gold futures found only modest support on Friday, as traders parsed data showing a loss of more than 20 million U.S. jobs in April tied to efforts to stop the spread of the COVID-19 pandemic, but prices for the precious metal look to end the week a bit higher.
The coronavirus pandemic destroyed 20.5 million U.S. jobs in April, driving the unemployment rate to a post Word War II high of 14.7% as the country faced its biggest economic crisis in almost a century, according to data from the Labor...
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