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U.S. unemployment hits highest level since Great Depression

Name: U.S. unemployment hits highest level since Great Depression
Uploaded: 2020-05-08T11:05:13-0400
Duration: 10 min 34 s
Description: New numbers from the Bureau of Labor Statistics show the U.S. unemployment rate hit 14.7% in April as the coronavirus pandemic devastated the economy. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to talk about the numbers.

New numbers from the Bureau of Labor Statistics show the U.S. unemployment rate hit 14.7% in April as the coronavirus pandemic devastated the economy. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to talk about the numbers.