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  US unemployment spikes to a Depression-era level of 14.7%

  World | May 08, 2020 20:57 IST

  The U.S. unemployment rate hit 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record — stark evidence of how the coronavirus has brought the economy to its knees.

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  US adds a robust 295K jobs; jobless rate falls to 5.5 percent

  World | March 06, 2015 20:33 IST

  Washington: U.S. employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000.The Labor Department says the unemployment rate fell to 5.5 percent from 5.7 percent.

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  Obama Says Jobless Rate Could Drop To 8 Percent

  World | December 10, 2011 9:53 IST

  Washington , Dec 10 : President Barack Obama said the U.S. unemployment rate could fall to 8 percent before he faces re-election next November.The unemployment rate, currently at 8.6 percent, has not been at or