Unemployment rises in 2020, as the country battles the COVID-19 pandemic
Total civilian employment fell by 8.8 million over the year, as the COVID-19 pandemic brought the economic expansion to a sudden halt…
Historischer Quellenauszug für die Recherche. Zahlen, Vorschriften und der Stand von Verfahren können sich seit der ursprünglichen Veröffentlichung geändert haben.
Read original source
Total civilian employment fell by 8.8 million over the year, as the COVID-19 pandemic brought the economic expansion to a sudden halt, taking a tremendous toll on the U.S. labor market. The unemployment rate increased in 2020, surging to 13.0 percent in the second quarter of the year before easing to 6.7 percent in the fourth quarter. Although some people were able to work at home, the numbers of unemployed on temporary layoff, those working part time for economic reasons, and those unemployed for 27 or more weeks increased sharply over the year. A decade-long economic expansion ended early in 2020, as the coronavirus disease 2019 (COVID-19) pandemic and efforts to contain it led businesses to suspend operations or close, resulting in a record number of temporary layoffs. The pandemic also prevented many people from looking for work. For the first 2 months of 2020, the economic expansion continued, reaching 128 months, or 42 quarters.
Research sources & methodology
Original sources and publication references.
Community