The most Americans in history lost their job in April, but markets are moving higher. Here's why.

The number of continuing jobless claims rose to a greater-than-expected 22.6 million last week, signaling April job losses over 20 million.

Stocks were up today despite a record drop in payrolls. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Brian Kelly and Jeff Mills.

The US and Europe have taken different approaches to tackling pandemic-induced unemployment but which is best long term?

In two, terrible, months the coronavirus pandemic has driven unemployment in the US to levels unseen since the 1930s Great Depression. Did it have to be this way?

Covid-19 has cost more than 33 million Americans their jobs in the last seven weeks – 10% of the entire US population. The official unemployment rate had shot up from 4.4% to 14.7% on Friday – a figure that probably wildly underestimates the true scale of job losses.

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, joins "Squawk Box" to discuss the April jobs numbers and what the data means for the U.S. economy.

Jan Hatzius of Goldman Sachs joins "Squawk on the Street" to discuss the latest jobs number, which saw the unemployment rate soar to 14.7 percent.

Five-point plan to protect renters comes as poll shows 1.7 million people fear unemployment

Labour is calling on the government to draw up emergency measures to protect renters beyond June as polling shows up to 1.7 million people in the private sector fear that they will lose their jobs this summer.

Dire economic forecasts released this week, including a Bank of England warning that the country faces its worst recession in 300 years, has prompted Labour to rapidly escalate its call for current protections for the rented sector, like the three-month ban on evictions in England and Wales, to be extended.

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

Let's take a look at why the SaaS cohort is the apple of Wall Street's eye.

Let's take a look at why the SaaS cohort is the apple of Wall Street's eye.

Let's take a look at why the SaaS cohort is the apple of Wall Street's eye.

'It's totally expected, there's no surprise," President Donald Trump said during a call-in interview on 'Fox & Friends' Friday when asked about April unemployment figures.

US stock market ended sharply higher on Friday (8 May) despite grim monthly jobs report as investors bet the worst of the coronavirus crisis has passed. Investors also hoped for an eventual reopening of the economy.

April’s jobs report shows record-high job losses and unemployment, low-risk businesses in California reopen for curbside pickup today, and testing will increase at the White House. WSJ’s Jason Bellini has the latest on the pandemic. Photo: John Locher/Associated Press

The Dow Jones Industrial Average rose 455.43 points, or 1.91%, to 24,331.32, the SP 500 gained 48.61 points, or 1.69%, to 2,929.8 and the Nasdaq Composite added 141.66 points, or 1.58%, to 9,121.32.

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown.

The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has more.

Stocks on Wall Street jumped Friday despite historic job losses suffered by the economy. Fred Katayama reports.

The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has more.

Stocks on Wall Street jumped Friday despite historic job losses suffered by the economy. Fred Katayama reports.

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown.

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown.

About Rs 10 lakh crore worth of output is gone for good while job losses are estimated to have crossed 140 million.

Worries about job losses are the highest in the country as 86 per cent being worried about losing their jobs and livelihood post-COVID-19 lockdowns. In comparison, this is only 31 per cent in Britain, 33 per cent in Australia and 41 per cent in the US and a high 71 per cent Hongkongers fear job loses, says the survey.

The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7% last month, shattering the post-World War Two record of 10.8%