Jobs Report Shows National Unemployment Impact

Jobs Report Shows National Unemployment Impact

The Bureau of Labor Statistics released its Employment Situation Summary today, and the results are what we expected (for the month of April).

  • Number of unemployed persons rose by 15.9 million to 23.1 million in April
  • Unemployment rate rose to 14.7% (that’s a jump of 10.3 percentage points)
  • Largest over-the-month increase in the history of the survey (dating back to 1948)
  • Affected all major industry sectors, with leisure and hospitality hit particularly hard with a 47% decline

The national jobs report shows a significant impact from the COVID-19 crisis.  The jobs report for the states will be released on May 22nd and that is when we will see the direct impact on Nebraska.

We have a sense of what the impact will likely be from our Economic Impact report by Dr. Ernie Goss and Scott Strain showing that 96,147 jobs lost in Nebraska resulted in $834.5 million in total economic impact.  Unfortunately, this national jobs picture supports what we anticipate, and that is a bigger economic blow to Nebraska’s economy in the month of April.

Employment Table

Want more? Get stories like this delivered straight to your inbox.

Thank you, we'll keep you informed!