The latest jobs report, by the numbers
The spread of COVID-19, and the work being done to flatten the curve, has roiled employment numbers for another month. The unemployment rate in the United States climbed to 14.7% in April, according to the latest numbers released by the U.S. Bureau of Labor Statistics (BLS).
Overall, non-farm payroll employment—all jobs that don't include farm employees, unincorporated self-employed, private household employees, proprietors, and unpaid volunteers—dropped by 20.5 million in April. Leisure and hospitality industries, deemed nonessential, represent the hardest-hit sector, as countless businesses from travel agencies to spas shuttered their doors
Using the most recent jobs report from the BLS (released May 8, 2020), Stacker broke down updates to employment numbers around the country. The BLS report covers statistics from two monthly surveys: a households survey, which looks at labor force status by demographic; and an establishments survey, which measures non-farm earnings, employment, and hours. All numbers represented, unless otherwise indicated, refer to those for the month of April; changes refer to the difference between March and April 2020 numbers.
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23.1 million Americans are now unemployed
The unemployment rate in April rose 10.3 percentage points from 4.4% to 14.7%, applying to 23.1 million unemployed people (up from 15.9 million). March’s 4.4% unemployment was an increase from 3.5% in February.
Unemployment among adult women ballooned to 15.5%
Unemployment rates rose by 11.5 percentage points for women, while adult men’s unemployment rate grew by 9 percentage points in April to 13%. Teenage unemployment hit 31.9%, while unemployment numbers reached 14.2% among whites, 16.7% for blacks, 14.5% among Asians, and 18.9% for Hispanics.
18.1 million unemployed people have been furloughed
Temporary layoffs for workers ballooned by roughly tenfold in April. Permanent job losses spiked by 544,000, from 1.456 million to 2 million.
14.3 million people are newly unemployed
People who were jobless for less than five weeks in April comprised nearly two-thirds of all unemployment, representing an increase of 10.7 million. Those without a job for between five and 14 weeks rose to 7 million, a 5.2-million-person increase. There was a decline in the number of people who have been without a job for at least 27 weeks, down 225,000 people to 939,000 (or 4.1% of those who are unemployed).
Labor force participation is at 60.2%
Labor force participation as of April—60.2%—was the lowest since January 1973. The overall employment-population ratio fell 8.7 percentage points to 51.3%, the biggest drop-off since data for this metric began in 1948.
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15 million fewer workers are full-time
The significant drop in full-time workers was echoed by part-time workers, who were reduced by 7.4 million people.
10.9 million part-time workers are seeking full-time employment
Twice as many people in April as in March worked part-time jobs while looking for full-time work. For some of these workers, their hours had been reduced from full-time; others normally worked part-time and were looking to find jobs with more available hours.
The number of people who qualify as ‘discouraged’ is about the same
"Discouraged" workers are those classified as being out of work and not looking for work because they believe there are no available jobs. There were 574,000 “discouraged workers” in April, a slight uptick from the 514,000 cited in BLS jobs data for March 2020.
Non-farm payroll employment dropped by 20.5 million
Non-farm payroll employment dropped by 870,000 in March, but declined by 20.5 million jobs in April. The latter is the biggest decline since data was first gathered in 1939.
Leisure and hospitality employment cratered by 47%
Of the 7.7 million jobs lost in the leisure and hospitality industries, nearly three-quarters were in food services and drinking places( 5.5 million). The second-highest share of the loss fell to the arts, entertainment, and recreation industry with 1.3 million jobs lost.
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