The unemployment rate in some neighborhoods is triple the national average

Oct 12, 2020
In parts of the South Bronx, the unemployment rate was estimated to be nearly 30% in August. Nationwide, it's a little less than 8%.
Felix Pinzon, an unemployed construction worker, pushes a cart of food donations in May in the Bronx.
Johannes Eisele/AFP via Getty Images

Job gains don't paint a clear picture of the recovery

Oct 2, 2020
The jobs created in September obscure the fact that thousands were lost permanently and millions of people have stopped looking for work.
A restaurant displays a "Now Hiring" sign amid the coronavirus pandemic, on Aug. 4 in Arlington, Virginia.
OLIVIER DOULIERY/AFP via Getty Images

U.S. unemployment rate falls to 7.9%, hiring slows again

Oct 2, 2020
America’s employers added 661,000 jobs in September, the third straight month of slower hiring.
The September jobs report coincides with other data that suggests that while the economic picture may be improving, the gains have slowed since summer.
Olivier Douliery/AFP via Getty Images

Despite June's bullish employment numbers, the job market is reeling — and will be for a while

Jul 2, 2020
Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
A grocery store employee cleans carts for customers in New York. Low-wage workers are disproportionately affected by the suffering job market.
Bruce Bennett/Getty Images

The Fed says big banks have passed their COVID-era stress tests

Jun 25, 2020
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The Federal Reserve Building in Washington, D.C. The stress test the Fed created this year envisioned 10% unemployment. The current rate is 14%.
Chip Somodevilla/Getty Images

The unemployment rate spiked to 14.7% in April. It doesn't fully capture COVID-19 job losses.

May 8, 2020
Some have lost jobs since the April survey, others may not be counted as unemployed because they are not actively seeking work.
Unemployment numbers are likely missing people who aren't working in order to home-school or care for family. Above, a mom works while her son does schoolwork during the pandemic.
Brendon Thorne/Getty Images

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Labor force participation rate signals massive job loss

Apr 30, 2020
With first-time jobless claims topping 30 million since mid-March, the Labor Department's April unemployment rate may under-count job loss.
A city worker hands out applications for unemployment benefits at a drive-through center.
Joe Raedle/Getty Images

Despite staggering unemployment numbers, it's even worse than it looks

Apr 9, 2020
Nearly one out of 10 people who had a job to go to before the pandemic don't have one now.
One expert estimates unemployment in the U.S. is around 14% currently.
Angela Weiss/AFP via Getty Images