Tennessee’s unemployment rate is the worst it’s been in a generation, and reflects the most sudden loss of jobs on record, state officials say. The April unemployment rate was 14.7%, which matches the national figure.
Marianne Wanamaker, a labor economist who served on the White House Council of Economic Advisors, says the jump is historic.
“It’s gigantic. I mean we’ve not seen anything like this since the Great Depression. And it’s going to get higher,” Wanamaker says. “It’ll get worse before it gets better.”