Thursday, July 3, 2025

US Bureau of Labor Stats: Unemployment Soars To 14.7% in April

The US Bureau of Labor Statistics put out its much anticipated labor statistics this morning, reporting an overall drop in employment of 20.5 million, with the unemployment rate soaring to 14.7%, the highest figures ever recorded by the survey. Unsurprisingly, the hardest hit sectors included leisure and hospitality.

Over the month of April total unemployment within the US increased by 10.3 percentage points to that of 14.7%, with rates among specific demographics varying. The least hit demographic was that of adult men at 13.0%, compared to teenagers at 31.9%. Of those that were reported as being unemployed, 18.1 million classified it as being “temporary” when surveyed, while permanent job losers came in at 2.0 million.

In terms of labor force participation, the rate decreased by 2.5% over the month to 60.2%, which is the second lowest figure during the history of the series, behind only January 1973. Total employment during the month fell by 22.4 million to that of 133.4 million people. The employment to population ratio fell by 8.7%, the largest drop ever recorded, to that of 51.3%.

Despite the largest drop in employment and the highest unemployment rate ever recorded, the broader market is currently rallying on the news. The rally is largely due to conensus estimates of unemployment figures being in the neighborhood of 15% to 16%.


Information for this briefing was found via the Department of Labor, Yahoo Finance, NBC Today, and The Washington Times. The author has no securities or affiliations with any of the mentioned securities. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Canada’s Unemployment Rate Grows To 6.2% As Full Time Jobs Tumble In May

The Canadian job market showed signs of cooling in May as unemployment ticked higher and...

Friday, June 7, 2024, 09:13:47 AM

Canada’s Unemployment Rate Falls to 7.8% as Labour Market Recovers in June

Canada’s labour market expanded by more than forecast in June, as key regions relaxed their...

Monday, July 12, 2021, 10:46:00 AM

US Bureau of Labour Statistics Releases Puzzling Employment Data

It appears that the US economy has been subject to what appears to be significantly...

Sunday, June 7, 2020, 11:07:00 AM

Record 2 Million Jobs Were Permanently Cut Since Beginning of 2020 as COVID-19 Continues to Batter US Labour Market

Despite the lifting of restrictions and reopening of economies across many states, the US labour...

Sunday, September 6, 2020, 11:31:00 AM

US Government Overpaid COVID-19 Relief Benefits Due To Own Error, Demands Repayment From Unemployed Americans

The US government’s COVID-19 relief benefits’ generosity turns out to very short-lived for thousands of...

Tuesday, October 6, 2020, 11:29:34 AM