April 2020 saw largest job losses ever recorded in the United States

On May 8, the monthly national employment and labor force statistics for April 2020 were released by the US Bureau of Labor Statistics. The staggering estimated jobs lost in April—20.5 million—and the new unemployment rate— jumping to 14.7 percent—have been widely reported. As experts at the Urban Institute highlight, these dismal figures represent the largest job loss recorded in the United States. As these experts also detail, certain populations were hit harder by the pandemic-related shutdowns. The unemployment rate for high school graduates with no college education rose to 17.3 percent, while that of college graduates rose only to 8.4 percent. Also of note, unemployment among teenagers nearly reached 32 percent. #covid-19 #workforce