News COVID-19

US unemployment rate risen to 14.7%

 US unemployment rate risen to 14.7%
New York, the US financial capital, is also one of the US hotspots for the coronavirus

The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April due to coronavirus.

The rise means the jobless rate in the US is now worse than at any time since the Great Depression of the 1930s.

Since the pandemic began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record.

Just two months ago, the unemployment rate was at 3.5%, a 50-year low.

[Source: BBC News]

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Scoreboard
3:00PM
Nadi vs Naitasiri
3:00PM
Tailevu vs Nadroga
1:00PM
Nadi vs Namosi
1:00PM
Suva vs Nasinu
Full Time
Palace 3–1 Nottm Forest
Full Time
Hull 2–2 Everton
Full Time
Liverpool 0–3 Man City
Full Time
All Blacks 43–21 Australia
9:05pm
Fiji Bati vs Australia
3:15pm
Bulikula vs PNG Orchids