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

President Buharis daughter, Zahra has given Sahara Reporters a 7-day ultimatum to apologize and retract its report of her allegedly conniving with others to defraud the Nigerian government

Related Posts Pictures

Cheating wife and lover flogged after being caught red-handed having s3x by her husband and his friends (video)

Related Posts Pictures

COVID-19: Wuhan City In China Finally Re-Opens After Two-Month Lockdown

Related Posts Pictures

Vice-chancellor of Kwara State University, Prof Abdulrasheed Na’Allah sacked from office with immediate effect

Related Posts Pictures

At least one dead as plane erupts into flames during an emergency landing(Photos)

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