Coronavirus update: Unemployment spikes, but markets roar on reopening hopes

The crisis has even touched the highest levels of government, with at least 2 White House aides testing positive for COVID-19 in the past few days. As a number of states prepare a slow restart of public life, the Labor Department reported that the unemployment rate surged to 14.7% in the month of April, the worst since the Great Depression, wiping out 20.5 million jobs.