Over 20-million jobs lost in US in April due to Covid-19
‘Our economy is on life support now,’ says former commissioner of the bureau of labour statistics Erica Groshen
08 May 2020 - 15:40
Washington — The US economy lost a staggering 20.5-million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The US labour department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7% in April, shattering the post-World War Two record of 10.8% touched in November 1982...
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