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U.S. unemployment highest since Great Depression

Christian Fernsby ▼ | May 8, 2020
The U.S. unemployment rate jumped to 14.7 percent in April, the highest level since the Great Depression.
U.S. unemployment
Jobless   U.S. unemployment
The jobless rate was pushed higher because 20.5 million people abruptly lost their jobs, the Labor Department said Friday.

Topics: U.S.

When the month began, there were 7.2 million unemployed people in the U.S. — and by its end, there were 23.1 million, an increase that reflects “the effects of the coronavirus pandemic and efforts to contain it,” the report said.

Adult women were hit about two percentage points higher than adult men (15.5 percent vs. 13 percent), while teenagers faced even higher rates, at 31.9 percent.

Meanwhile, Hispanics were also hit particularly hard, with an 18.9 percent unemployment rate. Blacks came next, with 16.7 percent, followed by Asians with 14.5 percent and whites with 14.2 percent.


 

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