The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the prior decade in the world's largest economy, according to AFP.

The unprecedented collapse drove the unemployment rate to 14.7 per cent — well beyond the peak hit in late 2009 during the global financial crisis — from 4.4pc in March.

And job losses in March were worse than initially reported, falling 870,000 even though the business closures mostly happened in the second half of the month.

The plunge in non-farm payroll employment was the largest ever recorded since 1939, while the jobless rate was the highest and the biggest increase since 1948, a report by the labour department said.