Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM
The Labor Department reported Friday that 20.5 million workers lost jobs due to the impact of the coronavirus-induced economic shutdown, and the unemployment rate skyrocketed to 14.7%,
Job numbers released today broke previous post-World War II era records and helped to reflect the profound damage done through efforts used to combat the virus.
Economic leadership with Dow Jones say they had been expecting payrolls to shed 21.5 million and the unemployment rate to go to 16%. April’s unemployment rate topped the post-war record 10.8% but was short of the Great Depression high estimated at 24.9%
More: CNBC.COM