Money Unemployment soars to 14.7%, job losses reach 20.5 million in April as coronavirus pandemic spreads May 8, 2020May 8, 2020 Paul Davidson, USA TODAY Comments Off on Unemployment soars to 14.7%, job losses reach 20.5 million in April as coronavirus pandemic spreads Some 30% of America's economy has evaporated, leading to 20.5 million job losses and soaring unemployment.