Economy

Payroll Employment Down By 20.5 Million In April, California Hardest Hit State Amidst COVID Lockdowns

The U.S. Bureau of Labor Statistics (BLS) issued its official employment report for April—or, in this season of COVID-19, more appropriately, the unemployment report. The topline is that nonfarm payroll employment fell by 20.5 million jobs, with the unemployment rate jumping 10.3% to 14.7%, the highest one-month jump since these statistics started being tallied in 1948. Some...

May 8, 2020