COVID -19: US Suffers Biggest Job Losses In History

Posted by E.L.E.X on May 09 2020 under News









The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic devastated the economy.

The rise means the jobless rate is now worse than at any time since the Great Depression of the 1930s.

Since the pandemic began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record.

Just two months ago, the unemployment rate was at 3.5%, a 50-year low.

The United States is home to the world’s largest and deadliest coronavirus outbreak, with more than 75,000 fatalities and 1.2 million cases reported as of Thursday, according to Johns Hopkins University.

The report from the Labor Department showed declines in every sector of the economy.




YOU MAY ALSO LIKE

Related Posts Pictures

Cop who shot Jacob Blake in the back is identified as more details from the case are released

Related Posts Pictures

Oshiomhole’s Suspension: Ajimobi Begs APC Members To Maintain Peace

Related Posts Pictures

TOO BAD! I Killed The 3 Students Because They’re Rippers – Suspect

Related Posts Pictures

Funny Video!!! Winners Chapel Pastor & His Congregation Giving Us Hot Zanku Steppings – Caption The Video

Related Posts Pictures

29-Year-Old Man Arrested After R*ping Cow In A Field (Photo)

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949