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WASHINGTON, May 8-- New data showed that U.S. employers cut a staggering 20.5 million jobs in April, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 percent. While this marks the highest level of unemployment since the Great Depression, analysts said the figure does not capture the full scale of the COVID-19-induced job crisis, and the worst is yet to come. LABOR MARKET "IN FREE FALL" | 
