Breaking: April set a record 20.5 million jobs lost & unemployment rate jumps to 14.7%

INNO
  • Nonfarm payrolls fell by 20.5 million in April and the unemployment rate rose to 14.7%, both post-World War II records.
  • Economists had been expecting a loss of 21.5 million jobs and the unemployment rate to surge to 16%.
  • The “real” unemployment rate, which includes workers not looking for jobs and the underemployed, surged to 22.8%.

Source: CNBC

 

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