April jobs data to show epic losses and soaring unemployment

The unemployment rate in April reached a record high since the Great Depression. Millions of Americans have also had their hours cut to part-time status.

The unemployment rate in April reached a record high since the Great Depression. Associate Professor of Economics Alex Bick and Assistant Professor of Economics Adam Blandin of the Virginia Commonwealth University School of Business share their findings from two surveys they conducted to learn more about the unemployment rate.

In this story published May 6, 2020, on the Associated Press:

We have never had such low hours worked, on average, for each employed person.

– Alex Bick, associate professor of economics