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Home / AP News / Jobless rate spikes to 14.7 percent, highest since Great Depression

Jobless rate spikes to 14.7 percent, highest since Great Depression

The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. The losses, reported by the Labor Department Friday, reflect what has become ...

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