US President Donald Trump along with members of the coronavirus take force meets with pharmaceutical executives in the Cabinet Room of the White House in Washington, DC on Monday.
Photo: AFP
An unprecedented 20.5 million jobs were destroyed in April in the world’s largest economy, driving the unemployment rate to 14.7 per cent compared to 4.4 per cent in March, the Labor Department said in its monthly report, the first to capture the impact of a full month of the lockdowns. The plunge in nonfarm payroll employment last month was the largest ever recorded dating back to 1939, while the jobless rate saw its highest and biggest increase dating back to 1948, the report said.
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