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In April, the unemployment rate soared to 21.2 percent for people with less than a high school degree, surpassing the previous all-time high set in the aftermath of the Great Recession.
The unemployment rate has been steadily improving. It fell to 10.2% in July, down from its 14.7% peak in April. The metric indicates that about 1 in 10 Americans in the labor force can't find work.
The unemployment rate fell in July. Here's why that's important. Fri, Aug 7th 2020. watch now. ... Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Videos

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The unemployment rate dipped to 10.2% in July, the government reported Friday, as the labor market continued to improve from the coronavirus pandemic. Employers added a better-than-expected 1.763 ...
Unemployment fell to 10.2% (the official so-called U-3 rate) in July, from 11.1% in June and 13.3% in May. Jobs were up by 1.8 million. But take all the information available and there’s still ...
In June’s report the additional information section stated, “The Employment Situation news release yields a similar 1.2 percentage point increase in the unemployment rate for June—or 12.3 ...
April's unemployment rate, in perspective, was the highest since the Great Depression. In 1933, the unemployment rate reached a record of 24.9%.   Unemployment remained above 14% for nine years, from 1931 to 1940. April's unemployment rate reached that level in just a month.
In its optimistic scenario, the unemployment rate peaks at 9.7% this year, and returns to pre-crisis levels in 2022. In its "downside" scenario, it peaks at 13.2%, in 2021 - with four million ...