Day: May 8, 2020💾

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Coronavirus Live Updates : NPR

14.7% Unemployment, 20.5 Million Jobs Wiped Away : Coronavirus Live Updates : NPR

The Labor Department delivered a historically bad employment report Friday, showing 20.5 million jobs lost last month as the nation locked down against the coronavirus. The jobless rate soared to 14.7% — the highest level since the Great Depression.

The highest monthly job loss before this was 2 million in 1945, as the nation began to demobilize after World War II. The worst monthly job loss during the Great Recession was 800,000 in March 2009.