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April Jobs Report: -20.5 million, 14.7 pct.

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, 05-08-2020 at 08:12 AM (418 Views)

A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%

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%.
https://www.cnbc.com/2020/05/08/jobs...pril-2020.html

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