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In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years. [20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States. [21]
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Statistics from the US Bureau of Labor Statistics 2019 Annual Survey [21] Race Production, transportation, and material moving Natural resources, construction, and maintenance Sales and office Service Management, professional, and related White 11.3 10.1 21.3 15.9 41.4 Black or African American 16.2 5.7 22.3 23.8 31.9 Asian 9.1 3.1 17 15.8 55
U.S. states by net employment rate (% of population 16 and over) 2022 [1]; National rank State Employment rate in % (total population) Annual change (%)
The American labor market has cooled from the red hot hiring of 2021-2023. Employers added 180,000 jobs a month in 2024 through November, not bad but down from 251,000 in 2023, 377,000 in 2022 and ...
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on ...
Wednesday's release shows the US labor market added fewer jobs than initially reported in the 12-month period ending in March 2024 but economists are wary about reading too much into the release.
Government goods and services increased $0.1 billion while transport services edged up $0.1 billion. The goods trade deficit widened 14.9% to $109.0 billion, also the highest since March 2022.