Black out image in the Job Report 2020

Aug 6th, 2022
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How to black out image in the Job Report 2020

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all right lets stay on the jobs report and talk a bit about the broader setup for those seeking employment throughout the economy joining us now to talk about all this is irena novoselski she is the ceo at career career builder irena uh thanks for for joining the show this morning lets start with um your view of the the jobs report i guess also in the context of um how you guys see the labor market today what uh dynamism looks like what companies are looking for what they can find um and put all that together for us and we sit in an interesting spot because were sitting at the birds eye view of both the supply and demand side uh at careerbuilder and so one of the things that everybodys seeing is the 6.2 unemployment rate when you dig underneath theres some positives and then theres some opportunities for improvement um on the positive side as you heard 90 of jobs that were created were in the hospitality and leisure sector when you dig into that 75 of those were for bars and res

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State unemployment rates, by race/ethnicity and overall, 2020Q3 StateAllBlack California 11.9% 14.7% Colorado 6.8% NA Connecticut 8.7% NA Delaware 9.2% 11.2%48 more rows
The unemployment rate peaked at an unprecedented level, not seen since data collection started in 1948, in April 2020 (14.8%) before declining to a still- elevated level in February 2021 (6.2%) relative to February 2020 (3.5%).
State unemployment rates, by race/ethnicity and overall, 2023 Q4 StateAllBlack California 4.9% 7.1% Colorado 3.3% 5.4%* Connecticut 3.6% 5.7%* Delaware 4.2% 5.2%48 more rows
In July 2020, CBO projected the rate would average about 14 percent in the second and third quarters of 2020 and still be 7.6 percent in the fourth quarter of 2021. The actual unemployment rate averaged 13 percent in the second quarter of 2020 and then fell sharply, averaging 4.2 percent in the fourth quarter of 2021.
Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today.
State unemployment rates, by race/ethnicity and overall, 2020Q3 StateAllBlack Alaska 8.7% NA Arizona 7.8% NA Arkansas 7.3% 11.5% California 11.9% 14.7%48 more rows
The employment-population ratio was 61.1 percent for Hispanics, 60.6 percent for Asians, 60.0 percent for individuals of Two or More Races, 58.6 percent for Whites, and 55.7 percent for Blacks.
Among the largest race and ethnicity groups, adult Black men and women (age 20 and older) had jobless rates of 9.5 percent and 8.2 percent, respectively. The unemployment rate for adult Hispanic men was 5.7 percent, and the rate for adult Hispanic women was 6.5 percent.

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