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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 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 ...
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.
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]
The unemployment rate was at 3.5% in February 2020 compared to 6.4% when Trump left office in January 2021, according to Bureau of Labor Statistics data. - Brad Sylvester
The number of people who applied for first-time unemployment benefits fell by 12,000 to 216,000 for the week ending October 26, according to Department of Labor data released Thursday morning.
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 ...
Reversing the recent downward trend jobless claims had been on for a few weeks, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 23,000 from the previous week's...