Jobless Rate Spikes to 14.7% - Highest Since Great Depression -- Fauci's Coronavirus Lockdown Decimates US Economy

This is what you get when you lockdown the greatest economy in history for two months – via Zero Hedge.

The US labor market continues to be rocked by the COVID-19 pandemic . The US Department of Labor announced on Friday that the US unemployment rate rose to 14.7% from just 4.4% in March.

20.5 million jobs were lost in April — devastation not seen since the Great Depression.

BREAKING: Unemployment hits 14.7%, highest rate since the Depression, as U.S. shed 20 million jobs in April from viral outbreak. https://t.co/ZXGyHmNyv5

— The Associated Press (@AP) May 8, 2020

US unemployment hits postwar high at 14.7% #unemployment #economy https://t.co/QCeFV0dlth via @financialtimes pic.twitter.com/vDDp8eSPab

— Theo – 劉䂀曼 (@psb_dc) May 8, 2020

The US lost 20.5 million jobs in April 2020.

BREAKING: A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%https://t.co/6kfZmF58o2 pic.twitter.com/Zw7eantfDM

— CNBC Now (@CNBCnow) May 8, 2020

This comes after doctors Tony Fauci and Deborah Birx persuaded President Trump to lockdown the record US economy based on garbage Imperial College coronavirus models.

HUGE UPDATE: Dr. Fauci and Dr. Birx Used Imperial College Model — NOW CONFIRMED AS A COMPLETE FRAUD — To Persuade President Trump to Lock Down Entire US Economy!

It’s past time for a new strategy.
Thank God we have the best jobs president in history in office to right this ship.