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Jobless rate spikes to 14.7%, highest since Great Depression

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The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring. WASHINGTON (AP) - The U.S.

unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 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.

Nearly all the job growth achieved during the 11-year recovery from the Great Recession has now been lost in one month. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The collapse of the job market has occurred with stunning

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