The US unemployment rate jumped to 14.7 percent in April 2020, the highest in the history of the series and compared to market expectations of 16 percent, as the Covid-19 crisis threw millions out of work. The number of unemployed persons rose by 15.9 million to 23.1 million, while the number of employed declined by 22.4 million to 133.4 million. The labor force participation rate decreased by ...
To give you some perspective, April's unemployment rate is the highest since the Great Depression. In 1933, the unemployment rate reached a record of 24.9%. Unemployment remained above 14% for nine years, from 1931 to 1940. April's unemployment rate reached that level in just a month.
The national unemployment rate rose by 10.3 percentage points over the month to 14.7 percent and was 11.1 points higher than in April 2019. State unemployment rates for May 2020 will be released in June 2020. Bureau of Labor Statistics News Release; State Rates 2009-2017
the lowest rate since January 1973 (when it was 60.0 percent). Total employment, as measured by the household survey, fell by 22.4 million to 133.4 million. The employment-population ratio, at 51.3 percent, dropped by 8.7 percentage points over the month. This is the lowest rate and largest over-the-
In May 2019, the unemployment rate was unchanged over the month, at 3.6 percent, and the number of people who were unemployed was little changed, at 5.9 million. The jobless rate was 3.6 percent in April 2019 and 3.8 percent in May 2018.
Approximately 164,000 jobs were created in July 2019, and the national unemployment rate remained at 3.7%, according to the Bureau of Labor Statistics. Employment increased in professional and technical services, health care, social assistance, and financial activities.
Current Seasonally Adjusted U-3 Unemployment Rate. COVID-19 Shutdowns Send Unemployment Rate Skyrocketing. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for April (released May 8 th) is 14.7% up over 10% from 4.4% in March which was already up from 3.5% in February.. This is well above anything since the great depression even the peak in 2009 was “only” 10.1%!
Unemployment Rates for States, Seasonally Adjusted; State April 2020 rate Rank; Connecticut. 7.9: 1: Minnesota. 8.1: 2: Nebraska. 8.3: 3: North Dakota. 8.5 ... Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for the current month are subject to revision the following month. Last Modified Date: May 22 ...
Ireland's seasonally adjusted unemployment rate edged up to 5.4 percent in April 2020, the highest since December 2018, as the coronavirus crisis continued to have a significant impact on the labour market. The number of unemployed increased by 2,000 to 132,900. In addition, the alternative COVID-19 adjusted unemployment rate, which includes persons in receipt of the COVID-19 Pandemic ...
The UK unemployment rate for the three months to March 2020 was estimated at 3.9%, 0.1 percentage points higher than a year earlier and 0.1 percentage points higher than the previous quarter. The total number of weekly hours worked in the three months to March 2020 was 1,040.6 million, 12.4 million hours less than the previous year.