BofA Global Research forecasts that 22 million nonfarm jobs were lost in April, an"unprecedented'' number that will hike the unemployment rate to 15%.
For instance, workers are typically counted as unemployed if they’re out of a job and making an effort to find another. But state-wide shutdowns of nonessential businesses may make such a search impossible. Traditional measures will also not capture the number of people who are unable to work because they've been infected by the virus, or need to stay home to take care of children whose schools or day care centers were closed because of COVID-19.
Explore more historical govdata on jobs and employment in the United States:
Up and running by the 30th! Gotta happen 🙏
Yes, but soon the economy will start booming again. The American People will decide the fate of the economy.
State systems are overwhelmed because their computer systems are designed to look at every claim as fraud it's crazy millions have fiked and have not gotten any checks
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