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Unemployment Rates During the COVID-19 Pandemic: In Brief [Updated January 12, 2021]
From the Introduction: "The National Bureau of Economic Research declared the start of the current economic downturn in February 2020, marking the end of the longest period of expansion in U.S. history. This expansion followed the Great Recession (December 2007 to June 2009), a downturn widely considered to be the worst since the Great Depression (August 1929 to March 1933). The unemployment rate rose quickly in March 2020, and by April 2020 it had greatly surpassed its previous peaks observed during and just after the Great Recession. This spike in unemployment coincided with various mandated stay-at-home orders implemented in response to the Coronavirus Disease 2019 (COVID-19) pandemic and other pandemic-related factors affecting U.S. demand. Although unemployment rates have declined since April, the December rate (6.7%) remains almost twice as high as the rate observed during February (3.5%). This report discusses recent unemployment rate patterns at the national and state levels using Bureau of Labor Statistics (BLS) data."
Library of Congress. Congressional Research Service
Falk, Gene; Carter, Jameson A.; Nicchitta, Isaac A. . . .
2021-01-12
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Unemployment Rates During the COVID-19 Pandemic: In Brief [Updated November 6, 2020]
From the Introduction: "The National Bureau of Economic Research declared the start of the current economic downturn in February 2020, marking the end of the longest period of expansion in U.S. history. This expansion followed the Great Recession (December 2007 to June 2009), a downturn widely considered to be the worst since the Great Depression (August 1929 to March 1933). The unemployment rate rose quickly in March 2020, and by April 2020 it had greatly surpassed its previous peaks observed during and just after the Great Recession. [...] This report discusses recent unemployment rate patterns at the national and state levels using Bureau of Labor Statistics (BLS) data. The two primary sources are the Current Population Survey (CPS) and the Local Area Unemployment Statistics (LAUS) program. In addition to the usual caveats about estimates (see 'General Data Caveats'), there were additional data challenges caused by the COVID-19 [coronavirus disease 2019] pandemic (see 'COVID-19 Related Data Issues')."
Library of Congress. Congressional Research Service
Falk, Gene; Carter, Jameson A.; Nicchitta, Isaac A. . . .
2020-11-06
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Unemployment Rates During the COVID-19 Pandemic: In Brief [Updated December 7, 2020]
From the Summary: "The Coronavirus Disease 2019 (COVID-19) pandemic has had a significant effect on unemployment in every state, industry, and major demographic group in the United States. This report provides information on which groups have experienced the largest increases in unemployment rates since the onset of the pandemic in 2020. Young workers, women, workers with low educational attainment, part-time workers, and racial and ethnic minorities had relatively high unemployment rates in April. Many, but not all, of these groups had relatively high rates in November as well. The report also compares the overall unemployment rate during the current recession with the unemployment rate experienced during the Great Recession."
Library of Congress. Congressional Research Service
Falk, Gene; Carter, Jameson A.; Nicchitta, Isaac A. . . .
2020-12-07
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Unemployment Rates During the COVID-19 Pandemic: In Brief [Updated October 23, 2020]
From the Introduction: "This report discusses recent unemployment rate patterns at the national and state levels using Bureau of Labor Statistics (BLS) data. The two primary sources are the Current Population Survey (CPS) and the Local Area Unemployment Statistics (LAUS) program. In addition to the usual caveats about estimates (see 'General Data Caveats'), there were additional data challenges caused by the COVID-19 pandemic (see 'COVID-19 Related Data Issues'). The pandemic led to lower survey response rates by businesses and households, and BLS detected an error in their categorization procedures that likely underestimated unemployment early in the recession. This report generally finds the following: [1] The unemployment rate peaked at a level not seen since data collection started in 1948, in April 2020 before declining to a still-high level in September. [2] In April, every state and the District of Columbia reached unemployment rates greater than their highest unemployment rates during the Great Recession. [3] Unemployment during the current recession is concentrated among workers who were last employed in industries that provide in-person services and among young workers, women, workers with low educational attainment, part-time workers, and racial and ethnic minorities."
Library of Congress. Congressional Research Service
Falk, Gene; Nyhof, Emma C.; Carter, Jameson A. . . .
2020-10-23
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Unemployment Rates During the COVID-19 Pandemic: In Brief [Updated February 15, 2021]
From the Introduction: "The National Bureau of Economic Research declared the start of the current economic downturn in February 2020, marking the end of the longest period of expansion in U.S. history. This expansion followed the Great Recession (December 2007 to June 2009), a downturn widely considered to be the worst since the Great Depression (August 1929 to March 1933). The unemployment rate rose quickly in March 2020, and by April 2020 it had greatly surpassed its previous peaks observed during and just after the Great Recession. This spike in unemployment coincided with various mandated stay-at-home orders implemented in response to the Coronavirus Disease 2019 (COVID-19) pandemic and other pandemic-related factors affecting U.S. demand. Although unemployment rates have declined since April 2020, the rate in January 2021 (6.3%) remains much higher than the rate observed in February 2020 (3.5%). This report discusses recent unemployment rate patterns at the national and state levels using Bureau of Labor Statistics (BLS) data."
Library of Congress. Congressional Research Service
Falk, Gene; Carter, Jameson A.; Nicchitta, Isaac A. . . .
2021-02-15
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