Usa city Baltimore outbreak economy Coronavirus Usa city Baltimore

10 takeaways from the worst jobs report in US history

Reading now: 995
www.clickorlando.com

BALTIMORE – Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S.

economy. Most obviously, there's the 14.7% unemployment rate, the highest since the Great Depression. And the shedding of more than 20 million jobs, by far the worst one-month loss ever.

But Friday's jobs report from the government contains 42 pages about just how far the job market has tumbled, along with hints of what to watch for — eventually — in a possible recovery.

Here are 10 major takeaways from the April jobs report: EVEN WORSE THAN IT LOOKS. REALLY. The unemployment rate is catastrophically bad.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA