jobless rate 5.8.20

The numbers are out... the bureau of labor statistics releasing u-s unemployment numbers just this morning... saying the rate hit 14-point-7 percent in april... that's the highest since the great depression.

The report now shows 20-point-5 million jobs vanished in the 'worst' monthly loss on record.

The number is so big... it wipes out the total number of jobs created over the past decade.

The figures are stark evidence of the damage the coronavirus has done to a now- shattered economy.

The losses reflect what has become a severe recession caused by sudden business shutdowns in nearly every industry.

Analysts say job growth could resume by memorial day as businesses in many parts of the united states start to reopen.

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