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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]
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
The unemployment rate slipped to 3.4% in January, the lowest since 1969. ... Employment in the sector remains 495,000 jobs, or 2.9% short of its pre-pandemic February 2020 level but is steadily ...
The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [373] The unemployment rate remained around 5% throughout much of 2021 before gradually decreasing to 4.4% by the end of 2021.
Since the pandemic, Illinois ranks 47th in the country in job growth and last among all neighboring states in job growth rate with only 1,200 more jobs than were available in January 2020, making ...
The unemployment level did peak at about 23 million people in April 2020, right when the economy was closing down due to the coronavirus. ... By January 2021, when Biden was being sworn in, the ...
The unemployment rate was forecast to average 11.5% in 2020 and 9.3% in 2021. [111] In June 2020, economic analyst Jim Cramer said that the response to the COVID-19 recession has led to the biggest transfer of wealth to the ultra-wealthy in modern history. [112]
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 ...