April’s job report saw a loss of 20.5 million nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. These changes are a reflection of COVID-19 and containment efforts. There were losses in all major industry sectors, and particularly heavy losses in leisure and hospitality.
April’s unemployment rate rose to 14.7%, up from 4.4% in March. The civilian labor force participation was 60.2%, down from 62.7% in March.
The report found that in April, average hourly earnings for employees on private, nonfarm payrolls rose by $1.34 to $30.01.