The overall June unemployment rate was 11.1 percent. Widespread temporary shutdowns of businesses made it impossible for many of these workers to perform their job duties. The monthly unemployment by occupation data can be compared to the seasonally adjusted monthly unemployment rate. Profit from additional features by authenticating your Admin account. "The COVID-19 pandemic has caused immense economic damage, but the harm has not been evenly felt,” Gallup's Principal Economist Jonathan Rothwell writes. In the next 24 hours, you will receive an email to confirm your subscription to receive emails Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. And next year is going to be one of the best years we’ve ever had, economically.”, “If the prognosis for the economy is so good, then there is no national emergency,” said Jonathan Wasden, a partner with Wasden Banias, LLC, who has argued successfully in court against Trump administration H-1B visa policies. The economic impact of the coronavirus on individuals in computer occupations has taken on more significance because an April 22, 2020, presidential proclamation suspended the entry of most new immigrants and declared the reason for the proclamation to be that “we must be mindful of the impact of foreign workers on the United States labor market, particularly in an environment of high domestic unemployment and depressed demand for labor.”, The proclamation ordered a 30-day review to produce additional measures to restrict temporary visa holders, and those new measures are expected soon. Federal Reserve Bank of St. Louis, Half of them were between 35 and 44, the prime working age. “This does not mean everything is ideal in the job market even for those in high-tech occupations,” concludes the National Foundation for American Policy analysis, “but the data show it would be false for government officials to cite the overall U.S. unemployment rate and claim individuals in computer occupations have been harmed in an extraordinary fashion by the economic fallout from the coronavirus.”, I am the executive director of the National Foundation for American Policy, a non-partisan public policy research organization focusing on trade, immigration and related. In the meantime, please feel free Other occupations started the decade in poor shape and ended the decade in even worse condition.
Of … For example, according to a study from the Center for Economic and Policy Research (CEPR), 35.6 percent of the people who work as building janitors and cleaners are age 50 and older. According to the U.S. Bureau of Labor Statistics (BLS), construction-related occupations employed more than 2.6 million people age 55 and older in 2016. Graph and download economic data for Unemployment Rate - Service Occupations (LNU04032218) from Jan 2000 to Sep 2020 about occupation, 16 years +, household survey, services, unemployment, rate…
New York (CNN Business)Heading into the November election, the US jobs recovery is running out of steam. again. “Section 212(f) [the authority used in past presidential proclamations] is all about emergency powers,” said Wasden in an interview. And even though the economy added back more than 1 million jobs every month between May and August, the country is still down 10.7 million jobs since February, before Covid-19 hit. In 2011, the beleaguered occupation was at 31.4% unemployment — the highest-reported jobless rate in the nation. Updated 1745 GMT (0145 HKT) October 6, 2020. You must be logged in to leave a comment.
The graph here shows the unemployment rate in some occupations: Clearly, any occupation linked to producing stuff or moving it has 1) a higher unemployment rate and 2) substantial seasonal fluctuations. https://fred.stlouisfed.org/series/LNU04032218, Please authenticate by going to "My account" → "Administration". Employment by Industry – Five Year Time Series.
The CEPR study found that 34.6 percent of health care workers are age 50 and older. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Even so, employment in food services and drinking places is still down 2.3 million jobs since February. Every month, employment data are meticulously calculated and … One example is Table A-13 in the BLS’s household data release, which describes the employment situation by occupation. "Job growth is moderating just as fiscal aid is expiring — a toxic cocktail," wrote economists from Oxford Economics in a note to clients.
In, Bureau of Labor Statistics. Please return to AARP.org to learn more about other benefits. to search for ways to make a difference in your community at www.aarp.org/volunteer. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. En español | As the nation's workforce continues to reel from the widespread impact of the coronavirus pandemic, new research shows that workers in some industries have taken harder hits than others.
Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. more than 22 million jobs vanished in the spring lockdown, balance their jobs with their care responsibilities. Many people who do clerical work, short-term temporary work or similar support positions have faced layoffs or reduced hours during the pandemic. Not everyone who works in an office is able to do their job remotely. According to the BLS, roughly 7.9 million people age 55 and older work in sales positions. © 2020 Forbes Media LLC. Raising College Access and Completion: How Much Can Free College Help. I think you’re going to have a very good August, a very good July, but a spectacular – maybe spectacular September, but a spectacular October, November, December. Find out more. Before that I spent four and a half years on Capitol Hill on the Senate Immigration Subcommittee, first for Senator Spencer Abraham and then as Staff Director of the subcommittee for Senator Sam Brownback. (Photo ... [+] by Chip Somodevilla/Getty Images).
Job growth has slowed since June in a sign of what could be a …
Heading into the November election, the US jobs recovery is running out of steam. More Exxon Mobil Rewards+™ points on qualified purchases, Give your job search a boost with a free resume review, Guaranteed rate of return on an exclusive 8-month term. Are you sure you want to remove this series from the graph? During June 10, 2020, Senate testimony, Treasury Secretary Steven T. Mnuchin said, “We remain confident that the overall economy will continue to improve dramatically in the third and fourth quarters.”, In remarks delivered on June 5, 2020, after the release of the latest jobs report, President Trump said, “And I think we’re going to have a very good upcoming few months. The unemployment rate for individuals in computer occupations declined from 3% in January 2020 (before the pandemic spread in the U.S.) to 2.8% in April 2020, and fell again to 2.5% in May 2020, according to analysis of the Bureau of Labor Statistics’ Current Population Survey by the National Foundation for American Policy (NFAP).