Charlotte Business Journal (May 11, 2020) -- The United States has reached a grim milestone: the national unemployment rate was 14.7% in April, a massive jump from the record-low 3.5% seen just two months earlier.
The Covid-19 pandemic, which has killed more than 270,000 worldwide as of Friday, has shuttered businesses and entire industries across the nation, resulting in a very sudden economic recession. And while those currently out of a job have been buoyed temporarily with stimulus checks and enhanced unemployment benefits, it's only a matter of time before those measures run out.
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