Coronavirus: Unemployment Rate Soars

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 9 May 2020

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression. I joined CBS This Morning to discuss. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update.
0:07.0	We're recording this on Friday afternoon around 2 o'clock Eastern time and just a quickie for the
0:15.4	Saturday the jobs report came out for April it was awful so here's my
0:21.0	appearance on CBS this morning with the great anchor Anthony Mason.
0:26.0	We'll obviously be able to catch up with you on Sunday and on Monday,
0:30.0	but thought this might give you the most important information you need.
0:33.6	Don't worry, we'll be back in your feed tomorrow with more of your questions.
0:37.6	If you do have a financial career tax, any sort of question that has to do with money, send an email, ask Jill at
0:45.4	Jill on money.com. Here's the segment. Here's what you need to know about that
0:49.5	jobs report. This is a CBS News special report.
0:53.0	I'm Anthony Mason in New York.
0:54.4	The Labor Department's April Unemployment report has just come out confirming historic levels of
1:00.9	job losses last month. It shows just how devastating the coronavirus
1:05.4	has been to the economy. CBS News business analyst Jill Schlesinger joins us.
1:10.3	Jill is the news as bad as we expected.
1:12.3	Right on target. us, Jill, is the news as bad as we expected.
1:13.0	Right on target, a catastrophic number, 20.5 million Americans unemployed in the month of April.
1:21.0	The unemployment rate is at 14.7% the previous month where we
1:27.2	thought we had 700,000 that was revised even lower down beyond 800,000.
1:32.0	These numbers are staggering.
1:34.4	They're devastating.
1:35.6	When you think about it, this is 25 times worse
	...

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