U.S. jobless rate spikes to 14.7 per cent, highest since Great Depression

A barber shop in Chicago displays closed and hiring signs, on April 30 ,2020. WASHINGTON -- The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.

President Donald Trump, who faces the prospect of high unemployment rates through the November elections, said the figures were "no surprise." In addition to the millions of newly unemployed, 5.1 million others had their hours reduced in April. That trend, too, means less income and less spending, perpetuating the economic downturn. A measure of what's called underemployment -- which counts the unemployed plus full-time workers who were reduced to part-time work -- reached 22.8%, a record high.

McGurk's is a St. Louis landmark, and Barnard expects it to rebound quickly once it reopens. She just doesn't know when.

The borders are open and they will be flooding to Canada for jobs- remember the large numbers that came to Canada when Trump was elected?

This is what happens when you literally force people to not go to work by marking certain businesses 'non essential.'

I'm confused... is CTV american news now?

This was later shown to be a statistical error? The number is close to 20% if I’ve read correctly

People are too preoccupied with the concept of free money to care. In which there is no such thing.

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