U.S. Unemployment Hits Highest Rate Since Great Depression

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs were cut in the worst monthly loss on record.  Nearly all of the job growth achieved during the 11-year recovery from the Great Recession has been lost in one month, AP reports. “Today’s report reflects the massive impact that measures to contain the coronavirus have had on the American workforce. This employment situation is exceptionally fluid. We know that today’s data reflect neither the additional layoffs that occurred in late April and early May, nor the employees beginning to return to work in some States. We also know that, by re-opening safely, we have the capacity to avoid permanent job losses for the overwhelming percent of Americans who, the report shows, currently view their job loss as temporary,” U.S. Secretary of Labor Eugene Scalia said Friday in a released statement