Unemployment rate jumps to 14.7% as 20.5M jobs cut in April

courtneyk/iStockBy CATHERINE THORBECKE, ABC News (WASHINGTON) — The U.S. economy lost a staggering 20.5 million jobs in April, pushing the unemployment rate to 14.7%, according to data released Friday by the U.S. Bureau of Labor Statistics. April’s

How coronavirus changed the economy in April

Kameleon007/iStockBy SHANNON SANDERS, JP KEENAN, LUIS A. YORDAN and CATHERINE THORBECKE, ABC News (NEW YORK) — Millions of Americans abruptly awoke to a new reality last month, as the coronavirus spread to further reaches of the country