US Unemployment Rate Jumps to a Record High in April

The April figure is the highest since records began in 1948
The April figure is the highest since records began in 1948
The April figure is the highest since records began in 1948

The unemployment rate in the US jumped to 14.7% in April from 4.4% in March, seasonally adjusted data shows. The April figure is the highest since records began in 1948 and broke the record from 1982, when the unemployment rate reached 10.8%.

The April figure is the highest since records began in 1948

The jump was largely expected, because the weekly jobless claims began skyrocketing in March as a result of the quarantine measures implemented to contain the COVID-19 outbreak. 

In absolute terms the unemployed Americans in April were 23.07 million compared to 7.1 million in March. This too was the highest figure on record. 

Detailed data and analysis on COVID-19 and its economic impact can be found on the CEIC COVID-19 Outbreak and Impact Monitor.

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11th 5월 2020 US Unemployment Rate Jumps to a Record High in April