Friday's U.S. jobs report is a snapshot of an economy in distress not seen since the Great Depression. “It’s literally off the charts,” one economist said.
Here's a look at the data — which almost certainly understates the economic devastation. nyti.ms/2YKAS6p
Here's a look at the data — which almost certainly understates the economic devastation. nyti.ms/2YKAS6p
The number of jobs lost in the U.S. last month alone far exceeds the 8.7 million lost in the Great Recession. nyti.ms/2YKAS6p 
The U.S. employment rate spiked to nearly 15%. In February, it was 3.5%, a half-century low.
The only comparable period is when unemployment reached about 25% in 1933 — before the government began publishing official statistics. nyti.ms/2YKAS6p
The only comparable period is when unemployment reached about 25% in 1933 — before the government began publishing official statistics. nyti.ms/2YKAS6p
The unemployment rate understates the extent of the damage because people must be looking for work to count. But some 6.4 million people left the labor force entirely in April.
Now, just about half of the U.S. population has a job, the lowest on record. nyti.ms/2YKAS6p
Now, just about half of the U.S. population has a job, the lowest on record. nyti.ms/2YKAS6p
