U.S. Unemployment Rate Soars to 14.7 Percent
This is the worst it has been since the Depression
During March and April, President Trump and numerous state and local leaders moved to put the economy in a deep freeze in an effort to minimize exposure to the virus. This led businesses to suddenly shed millions of workers at a rapid rate. Analysts warn it could take many years to return to the 3.5 percent unemployment rate the nation experienced in February.
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