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US lost 20.5M jobs to COVID-19 in April, unemployment 14.7%
08 May 2020

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The US Bureau Labor Statistics reported today that nonfarm payroll employment dropped by 20.5M in April, while the unemployment rate rose to 14.7%, reflecting the effects of the COVID-19 pandemic and measures taken to try to contain it.

The leisure and hospitality sector suffered the most job losses: 7.7M jobs lost, 47% of sector total, and about 75% in restaurant and bar jobs.

There were very significant job losses in arts, entertainment and recreation also.

Average hourly earnings increased by $1.34 to $30.01 - probably reflecting the disproportionate loss of low-paid jobs.

How much will reopening of some businesses in some states turn this trend around in May and June? Watch this space for updates.

David Boggs President/CEO ACRO Global|Publisher Tourism Marketer
David H. Boggs
ACRO Global

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