Unemployment Skyrockets to Highest Rate Since Great Depression

The United States economy lost 20.5 million jobs in the month of April, the largest single month loss of jobs since the U.S. Bureau of Labor and Statistics began tracking the data in 1939.

The unemployment rate soared to 14.7 percent, the highest American joblessness has been since the Great Depression.

April’s bleak report was preceded by employers slashing 870,000 jobs in the month of March.

Economic analysts say job growth could resume later this month as many states began reopening their economies and lifting COVID-19 restrictions.