U.S. Unemployment Rate Hits 14.7%

The U.S. economy lost 20.5 million jobs in April, as many businesses either curtailed service or closed their doors indefinitely amid COVID-19. The decline in jobs is the largest since the government began recording employment data in 1939, reports CNN. Throughout the Great Recession, the U.S. economy shed roughly 8.7 million jobs, with unemployment hitting … Continue reading U.S. Unemployment Rate Hits 14.7%