To see how unemployment looks in these areas, GOBankingRates found the 25 counties hardest hit in terms of total cases — ranked from lowest total cases to most — and then found the unemployment rate as of August 2020. https://fred.stlouisfed.org/series/LNS14000048, Want to bookmark your favourite articles and stories to read or reference later? Categories > Population, Employment, & Labor Markets > Current Population Survey (Household Survey). The coronavirus pandemic has not only affected the health and lives of millions of Americans, but it has also affected people’s livelihoods, with many people losing their jobs as a result of lockdowns, closures and a suffering economy. Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Only 40.8 per cent of black Americans under that criteria have a full-time job making more than $20,000 annually. Federal government websites often end in .gov or .mil. Some of the places that have been hit hardest by the pandemic in terms of positive cases and deaths have also been hit hard by unemployment — in some of these areas, unemployment reached 15% or greater as of August. Releases from U.S. Bureau of Labor Statistics, More A store in Boston advertises its closure. The investment bank predicts in a new report that unemployment, which surged to nearly 15% in April, could soar to 25% this year. Graph and download economic data for Unemployment Rate - 25 Yrs. Are you sure you want to remove this series from the graph? Can the downward trend hold as COVID-19 cases surge? That number does not account for the nearly 700,000 people who have stopped looking for work after losing their jobs during the pandemic, nor does it account for the decrease of the labour force to 160.1m people in September. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Trump claims unemployment rate 'better than expected' Since the recession, only 46.1 per cent of white Americans over the age of 16 have a full-time job that pays more than $20,000 annually. With these 50 cities isolated, GOBankingRates then found the following factors for all 50 cities: (1) its corresponding metropolitan statistical area as sourced from the Office of Management and Budget: Revised Delineations of Metropolitan Statistical Areas (MSA) report; (2) August 2020 unemployment rate for its MSA; (3) total cases of COVID-19; (4) cases of COVID-19 per 100,000 people; (4) percent of its state’s cases that it represents; and (5) total deaths caused by COVID-19. Her work has also appeared on E! Ivanka Trump defends her father's 'unprecedented' actions on coronavirus, Unofficial US unemployment rate may be over 25%, new data reveals, Trump claims unemployment rate 'better than expected', US jobless claims likely remain high as layoffs persist, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. To see how unemployment looks in these areas, GOBankingRates found the 25 counties hardest hit in terms of total cases — ranked from lowest total cases to most — and then found the unemployment rate as of August 2020. Workers who make less than living wage and those who have given up looking for work not included in data, Find your bookmarks in your Independent Premium section, under my profile. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. Series from Employment Situation. This can not be undone. Data in this graph are copyrighted. In August, the labour force was 164.5m people; that missing 4.4 million is not counted in the unemployment numbers. © 2020 GOBankingRates. Before … These offers do not represent all available deposit, investment, loan or credit products. Federal Reserve Bank of St. Louis, Since the recession, only 46.1 per cent of white Americans over the age of 16 have a full-time job that pays more than $20,000 annually. Please review the copyright information in the series notes before sharing. Methodology: In order to discover the unemployment rate in the 50 places hit hardest by COVID-19, GOBankingrates first found the 25 counties hardest hit in terms of total cases and total deaths as of Oct. 19, 2020. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. If the definition is expanded further to include anyone over the age of 16 who is not earning a living wage, the number inflates to 54.6 per cent. St. Louis, MO 63102, Current Population Survey (Household Survey), More The unemployment rate is the percent of the labor force that is jobless. 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