According to reports, United States unemployment reportedly hit 14.7% in April 2020, which is the highest rate since the Great Depression. It was noted that 20.5 million jobs were lost due to coronavirus.
90% of the job losses that occurred in April are reportedly temporary due to businesses that had to shut down due to lockdown. In February 2020, the unemployment rate was 3.5%, which was the lowest its been in five decades, and employers reportedly added jobs for 113 months. In March 2020, the unemployment rate was only 4.4%, but April's numbers were reported in error. If the unemployment rate were correctly reported, the rate would have been almost 20%, according to the government.
Trump spoke on the numbers and said the unemployment figures were "no surprise," and he also said, "What I can do is I’ll bring it back. Those jobs will all be back, and they’ll be back very soon. And next year, we’ll have a phenomenal year.” Along with the unemployment numbers, 5.1 million people had their hours at work reduced in April 2020.
source: AP
