Good afternoon: Today's PM — edited by Justin Green — is 477 words, a 2-minute read.
America's unemployment rate is now at its highest since the Great Depression, and it's likely a major underestimate.
The big picture: More than 30 million have filed for unemployment since the coronavirus lockdowns started — the government said there were 20.5 million net jobs lost in April alone — but the fallout has been far from equal, Axios’ Courtenay Brown reports.
Women made up a bigger share of April's job losses (55%) than men.
America's less educated workers, who were just beginning to reap the benefits of the flourishing labor market — as we've reported in the past — are losing work at about four times the rate of those with college degrees, per the Washington Post.
Black and Hispanic/Latino workers "finally started to see significant wage gains [over the past two years] — and those are going to get wiped out," Christopher Hayes, a professor at Rutgers School of Management and Labor Relations, tells Axios.
Between the lines: Nearly 4 in 5 people who lost work said their job loss was temporary, which shores up hope that businesses might be quick to hire these workers back once the economy reopens. That's if hirers need as many hands-on-deck as they did before the pandemic.
Above: WWII veteran Bernard Morgan, 96, posed as he took part in a two-minute silence today to mark the 75th anniversary of the end of WWII in Europe.
Below: German Chancellor Angela Merkel attends a ceremony at the Neue Wache Memorial.
Tony Vaccaro in 2016 at a special screening of the HBO documentary film "UNDERFIRE: The Untold Story of PFC Tony Vaccaro." Photo: Mike Coppola/Getty Images for HBO
Tony Vaccaro survived the Battle of Normandy and photographed the "Kiss of Liberation," which showed a U.S. sergeant giving a kiss to a French girl at the end of the Nazi occupation.
The celebrated wartime and celebrity photographer attributes his longevity to “blind luck, red wine” and determination.