US unemployment rate hits 14.7%
US employers cut 20.5 million jobs in April as the coronavirus pandemic hit the economy and sent the unemployment rate to 14.7% the highest since World War II, the Labor Department reported Friday.
The leisure and hospitality sector lost 7.7 million jobs, including 5.5 million in restaurants and bars.
Retail, professional services and healthcare each lost about 2 million jobs.
In demographic groups, the unemployment rate for Hispanics rose 12.9 percentage points to 18.9%.
For whites, blacks and Asians, the unemployment rate increased about 10 percentage points each, the Labor Department said.
The so-called real unemployment rate, which includes those not seeking jobs and the under-employed, soared to 22.8% in April, government statistics show.