Unemployment Rate Soars to 14.7 Percent
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variety.comBy Gene Maddaus Senior Media Writer The U.S. unemployment rate soared to 14.7% in April, surpassing the worst figure of the Great Recession, as the coronavirus caused 20.5 million people to lose their jobs.
The 10.3% increase from March, when the rate was 4.4%, is the largest jump since the government began to collect employment data in 1948.
In the motion picture and sound recording industry, the unemployment rate jumped to 31.3%, as some 217,000 people lost their jobs in April, according to the Bureau of Labor Statistics.
The unemployment rate in the industry was 1.8% in the March report. The category includes production and theater workers, who were laid off or furloughed as the entertainment industry came to a standstill.
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