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Unemployment Rate Swelled to Historical High
Summary: The US Bureau of Labor Statistics reported today that the US unemployment rate rose to a historical high of 14.7 percent in April due to the COVID-19 pandemic and efforts to curb it. The unemployment rate increased by 4.4% in the past month, marking the largest over-the-month increase on record – the total number of unemployed persons expanded by 15.9 million to 23.1 million.
The US Bureau of Labor Statistics reported today that the US unemployment rate rose to a historical high of 14.7 percent in April due to the COVID-19 pandemic and efforts to curb it. The unemployment rate increased by 4.4% in the past month, marking the largest over-the-month increase on record – the total number of unemployed persons expanded by 15.9 million to 23.1 million.
Total confirmed cases of COVID-19 has passed 3.9 million worldwide, with 1.28 million in the US, according to Bitpush Real-time Data.
By Yiran Dai
Tags: COVID-19,unemployment rate
Link: Unemployment Rate Swelled to Historical High [Copy]
