14.7 percent

U.S. economy shed record 20.5 million jobs last month as unemployment rate soars to 14.7 percent

The U.S. economy lost an unprecedented 20.5 million jobs in April and the unemployment rate soared to 14.7 percent, up from 4.4 percent in March after months at a half-century low, according to the monthly employment report, released Friday by the Department of Labor.