Here Is The Real April Jobs Report: 42 Million Unemployed, 25.5% Unemployment Rate
Friday's job report - according to which a record 20.5 million jobs were lost in April, some 10x more than the depths of the Great Depression, resulting in a 14.7% unemployment rate - was ugly enough as is, the NYT summarizing the catastrophic nature of the economic collapse with the following creative front page.
The truth, unfortunately is even uglier.
While it is true that what the BLS...
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