The federal government's monthly jobs report showed a staggering 14.7 percent of Americans are now unemployed, which brings the total unemployed to a historic 33 million.
FRIDAY, May 8, 2020 (HealthDay News) -- With U.S. coronavirus cases topping 1.2 million and the death toll climbing to more than 75,000 on Friday, the federal government's monthly jobs report showed a staggering 14.7 percent of Americans are now unemployed.
A total of 20.5 million jobs were lost during the April lockdown, and not since the Great Depression has the unemployment rate been so high, the New York Times reported.
That was not the only bad economic news delivered this week: On Thursday, the weekly jobless claims report showed that another 3.2 million jobless claims were filed last week. That brought the total unemployed since the nation's economy was first curtailed by social distancing measures in mid-March to an historic 33 million.