Jobless rate spikes to 14.7%, highest since Great Depression

WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression.20.5 million jobs vanished in the worst monthly loss on record.
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.
Almost all the job growth achieved during the 11-year recovery from the Great Recession has now been lost i