In a recent report, it was revealed that the unemployment rate in the country has reached an all-time high of 14.7%, with over 33 million people currently out of work. This significant rise in unemployment is attributed to the ongoing economic impact of the global pandemic, which has led to widespread layoffs and business closures. Economists are predicting that it may take years for the job market to fully recover from this crisis. Additionally, the report highlighted a sharp decrease in consumer spending, with a 16.4% drop in retail sales compared to previous months. Experts are expressing concern about the long-term effects of these economic challenges on the country's overall financial stability.