What April’s record-high unemployment means for real estate

Following an unprecedented 20.5 million drop in payroll last month, the April unemployment rate reached a record 14.7 percent, the U.S. Bureau of Labor Statistics reported Friday. That figure is the highest unemployment percentage on record, since seasonally adjusted data became available in 1948. The unemployment rate is estimated to have reached about 25 percent in the wake of the Great Depression in 1933, according to the New York Times. “The changes in these measures

source https://therealdeal.com/2020/05/08/what-aprils-record-high-unemployment-means-for-real-estate/