The highest level since the Great Depression.
The Labor Department announced at the end of last week that the U.S. unemployment rate had risen to 14.7 percent – the highest level the nation has been at since the great depression. Largely due to the ongoing COVID-19 pandemic, service workers, and other hospitality employees are some of the hardest hit among working adults. In total, 22.8 percent of Americans are no longer working when including those no longer looking for jobs.
A total of 20.5 million jobs were lost in April, which is the largest one-month loss in U.S. history. The COVID-19 pandemic has infected roughly 4 million people globally, with countries around the world shutting down to slow down the spread of the disease. Of those laid off in the United States in April, 75 percent expect that their job loss is temporary until the nation reopens.
As the Lord Leads, Pray with Us…
- For God to provide for Americans who are out of work.
- That the Labor Department would accurately track job numbers over the next few months.
- For the White House to have wisdom on how best to tackle recovery from the pandemic.
Sources: AP, NPR, Washington Post
