20.5 million jobs lost in April

Americans lost a record 20.5 million jobs last month.

That makes April the largest single month of job losses since the Bureau of Labor Statistics began tracking the data in 1939.

The unemployment rate soared to 14.7 percent in April. The last time American joblessness was that severe was the Great Depression.

The blow to workers comes as the American economy is in a self-imposed shutdown to prevent the spread of coronavirus.

Analysts say job growth could resume by Memorial Day as businesses in many parts of the United States start to reopen.

Categories: Business, News, US & World News

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