April Jobs Report Shows A Record 20.5 Million Out Of Work

The video discusses the record unemployment rate of 14.7% in the U.S., the highest since the Great Depression, with 20.5 million Americans unemployed. Experts warn that the real unemployment rate might be higher, around 23-24%, as many have stopped looking for jobs. Neel Kashkari from the Federal Reserve predicts a slow recovery. The pandemic has severely impacted sectors like health care, retail, and construction. Weekly jobless claims continue to rise, with 3.2 million new claims last week, totaling 33 million since the pandemic began.

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