InvestmentsTop Global NewsMarketsReal Estate Coronavirus deals US economy Great Depression-like job losses, high unemployment By financialnews_rlv83x - May 8, 2020 0 56 The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human tragedy wrought by the novel coronavirus pandemic.