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The rate was the highest of any month since the BLS began tracking in 1948. According to BLS statistics, the unemployment rate was at 3.5% in Feb 2020, a month prior to the pandemic's start in the ...
The COVID-19 pandemic led to a massive drop in persons in the labor force. According to Pew Research Center, from February 2020 to February 2021 an estimated 4.2 million people left the labor force because of COVID-19, 2.4 million of which were women. [47] [48] As a result, women's participation in the labor force was at a 30-year low. [49]
It is useful in real-time evaluation of the business cycle and relies on monthly unemployment data from the Bureau of Labor Statistics ... (Feb 2020) 4.30%: 0.53: Aug ...
On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million non-farm jobs were lost and the unemployment rate rose to 14.7 percent in April. [21] In mid-July 2020 marked the 17th week in a row that unemployment claims topped 1 million.
July’s unemployment rate, the most recent figure available, was 4.3%, the Bureau of Labor Statistics reported. That’s up from 3.5% a year ago. That’s up from 3.5% a year ago.
The Bureau of Labor Statistics (BLS) reported last month that the national August 2020 unemployment rate was 8.4%. More recently, on Wednesday, September 30, the BLS released metro area ...
The BLS uses the data to publish reports early each month called the Employment Situation. [2] This report provides estimates of the unemployment rate and the numbers of employed and unemployed people in the United States based on the CPS. A readable Employment Situation Summary [3] is provided monthly. Annual estimates include employment and ...
The unemployment rate peaked at 14.8% in April 2020 when Trump was in office – that was indeed the highest level since the Great Depression, according to the Bureau of Labor Statistics. But ...