The U.S. economy lost 20.5 million jobs in April and the unemployment rate soared to 14.7% -- both record highs -- laying bare the starkest picture yet of the crippling gut punch delivered by the coronavirus pandemic.
In just a month, the historically dismal performance abruptly wipes out all of the nation’s job gains since the Great Recession of 2007-09.
Economists surveyed by Bloomberg forecast 22 million job losses and a 16% unemployment rate.
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