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U.S. April Jobs Report Was Full of Records -- the Bad Kind

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April Jobs Report Understates What Was Actually Lost: Economist Swonk

The April jobs report was one for the record books -- for all the worst reasons.

Employers in the U.S. shed 20.5 million jobs, 10 times the previous record decline in 1945, when the nation demobilized as World War II ended. The unemployment rate jumped to 14.7%, the highest in government records dating back to the 1940s. Data from the National Bureau of Economic Research show it’s the worst since the Great Depression era.