Shade letter in the Job Report 2020

Aug 6th, 2022
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How to shade letter in the Job Report 2020

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Wall Street seems to be shrugging off last months blowout jobs report futures are pointing lowers docHubly lower even though the economy added about a hundred thousand more jobs and expected an unemployment ticked lower Jessica Smith is live at the Labor Department with the latest Jess a two hundred and seventy three thousand non-farm payrolls rose by two hundred and seventy three thousand the unemployment rate is at 3.5% down from three point six percent in January average hourly earnings rose nine cents to twenty eight dollars and 52 cents thats a point three percent increased month-over-month and a three percent increase year-over-year which is in line with expectations the Labor Department said there is no sign that the coronavirus had any impact on this report we did have some revisions to the up side Januarys numbers revised upward by 48,000 jobs to a total of two hundred and seventy three thousand Decembers number also revised upward to one hundred and eighty four thous

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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%). Unemployment Rates During the COVID-19 Pandemic: In Brief congress.gov product pdf congress.gov product pdf
Projections run through February 2023. Do the math, and 315 million to 1.05 billion worker days were likely lost to COVID-19 last year, equivalent to 1.3 million to 4.3 million workers dropping out of the workforce for the full year. Assuming that the average full-time employee works 240 days per year.
The toll we estimate that it took on the nations gross domestic product is twice the size of that of the Great Recession of 2007-2009. Its 20 times greater than the economic costs of the 9/11 terrorist attacks and 40 times greater than the toll of any other disaster to befall the U.S. in the 21st century to date.
The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression.
There are many reasons for unemployment. These include recessions, depressions, technological improvements, job outsourcing, and voluntarily leaving one job to find another.
Nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million. The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate. Those on temporary layoff fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May. Jobs report June 2020: Jobs increase by 4.8 million, unemployment rate cnbc.com 2020/07/02 jobs-report-june-2 cnbc.com 2020/07/02 jobs-report-june-2
The unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April. Unemployment rate rises to record high 14.7 percent in April 2020 bls.gov opub ted unemployment-rate-r bls.gov opub ted unemployment-rate-r
The next lowest rate was in South Dakota, 2.1 percent. California had the highest unemployment rate, 5.3 percent, closely followed by Nevada, 5.2 percent. State Employment and Unemployment Summary - Bureau of Labor Statistics bls.gov news.release laus.nr0.htm bls.gov news.release laus.nr0.htm

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