April Jobs Report Shows Record Unemployment

Here’s what to read

The pandemic’s toll on the economy, explained. The April jobs report released today is shocking. As Bloomberg reports, employers cut an unprecedented 20.5 million jobs in April. The unemployment rate more than tripled to 14.7%. Here are a couple stories to read about the situation.

U.S. Jobless Rate Triples to 14.7% in Sharpest Labor Downturn

The Terrible Jobs Report Gets Worse The More You Read It