Rate of unemployment in USA at 14.7%, highest since Depression: Chief U.S. Economist

Due to the Coronavirus Lockdown in America, the rate of employment has increased and is the highest ever since the Great Depression.

U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy. (Photo | AP)