looking beyond borders

foreign policy and global economy

US Unemployment Spikes To A Depression-Era Level Of 14.7%

The U.S. unemployment rate rocketed to 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record — stark evidence of how the coronavirus has brought the economy to its knees…And they rob President Donald Trump of the ability to point to a strong economy as he runs for reelection.

Read Here – APNews

Also Read: Political Fantasy Battles Economic Reality After Tens Of Millions Of Jobs Lost

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