US unemployment soared to 14.7%, the highest since the Great Depression, amid Covid-19 pandemic

The unemployment rate in the United States rose to record-breaking 14.7%, the highest figure since 1929’s Great Depression, as 20.5 million jobs vanished during the only month of April. It comes as the coronavirus pandemic has resulted in the collapse of the American economy in breakneck speed. In February, the same unemployment rate was at a 5-decade low, as FRANCE 24’s business editor Bryan Quinn explains this “devastating number”.