Today’s jobs report suggests the U.S. could be heading back to Great Depression territory. The numbers show more than 20 million jobs were lost last month. That’s more than double the jobs lost during the 2008 recession. The unemployment rate is now nearly 15% — compared to 25% unemployment in 1933. KCRW looks at the financial crisis today — and lessons from the Great Depression.
US shed more than 20 million jobs in April, unemployment reaches nearly 15%