New jobs report from U.S. released on Friday:
JOBS LOST IN APRIL: 20.5 million
UNEMPLOYMENT RATE: 14.7%
This is the worst U.S. jobs report since the World War II era.
The U.S. Labor Department delivered a historically bad employment report at 8:30AM on Friday, which shows that 20.5 million people lost their jobs last month as the jobless rate spiked to the highest level in America since the Great Depression.
Over 3 million Americans reportedly applied for unemployment last week, indicating an unprecedented wave of job losses.
The president was very busy this morning just before the figures were released, but not dealing with unemployment or the coronavirus pandemic that has now killed 70,000 Americans. He was busy nursing his grievances with Fox and Friends.
Here's what impeached President Donald Trump was doing minutes before the jobs report was released on Friday Morning.
Twitter and Tiktok had preliminary negotiations about a potential merger/acquisition, reported the Wall Street Journal on Saturday.
TikTok, the social media app from China-based Bytedance, plans to sue the Trump administration in a challenge to the president’s executive order that bans the service in the United States.
Donald Trump on Thursday issued an executive order that bans doing business with ByteDance, the China-based company that owns TikTok. The ban takes effect in 45 days.
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