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Pandemic destroys 20.5 million US jobs in April in historic collapse
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The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported Friday.
The unprecedented collapse drove the unemployment rate to 14.7 percent -- well beyond the peak hit in late 2009 during the global financial crisis -- from 4.4 percent in March.
And job losses in March were worse than initially reported, falling 870,000 even though the business closures mostly happened in the second half of the month.
The plunge in nonfarm payroll employment was the largest ever recorded since 1939, while the jobless rate was the highest and the biggest increase since 1948, the report said.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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