Rapid U.S. unemployment soars amid health crisis fallout
The jobless rate jumped from 3.5 percent to 4.4 percent in two months, with economists warning recovery could take years. millions of workers lost jobs after a rapid downturn, including long-time Atlantic City casino staff. The Labor Department later noted misclassifications that would have pushed unemployment near 20 percent if corrected.
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Gus Faucher
PNC Financial
Leslie Calhoun
Atlantic City
New Jersey
U.S
Trump
Congressional Budget Office
Labor Department
Heidi Schierholz
Schierholz
Liberal Economic Policy Institute
Neiman Marcus
J.crew
Worst Jobs Report Since Great Depression Hits U S
The April jobs report shows 14.7 percent unemployment and over 20 million lost jobs, the steepest one month drop on record. Backdated estimates suggest true unemployment could near 23.6 percent, with widespread undercounting and misclassification. Immigrant workers bear heavy losses, college graduates fare better, and hours worked collapse, signaling a slow, uncertain recovery ahead.
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Baltimore
U.S
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Uakron.edu
of Akron
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DOC
Comstock
Sewing & Vacuum Center
Tuesay
Doc’s
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