US job losses of 20.5m in April are the steepest since Great Depression

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world’s biggest economy.
US job losses of 20.5m in April are the steepest since Great Depression
Fri, 08 May, 2020 - 18:45
Eamon Quinn

Additional reporting: Bloomberg and Reuters

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world’s biggest economy.

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CoronavirusPlace: USPlace: New YorkPlace: Wall StreetPlace: United StatesPlace: ChinaPerson: President Donald TrumpPerson: Chris RupkeyPerson: AmericansEvent: Great DepressionEvent: World War TwoOrganisation: BloombergOrganisation: ReutersOrganisation: White HouseOrganisation: TrumpOrganisation: MUFGOrganisation: U.S. TreasuryOrganisation: Labor DepartmentOrganisation: Bureau of Labor StatisticsOrganisation: Federal ReserveOrganisation: WalmartOrganisation: Amazon
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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