Article source: ConstructConnect
With today’s June Employment Situation report from the Bureau of Labor Statistics (BLS), the U.S. economy has now clawed back 29% of the total number of jobs lost in March and April, when shelter-at-home directives were first enacted to deal with the coronavirus outbreak.
February was the last month when the total employment picture in America was ‘normal’. Two months later, with April’s labor market statistics, the total number of jobs in the country was down by 20.5 million.
The percentage change in total employment from February to April was -13.5%.
While far from being rosy, the jobs numbers are perking up a bit. Staged re-openings in states are the reason.
Whereas nation-wide total employment was -20.5 million jobs in April versus February, it is now -14.6 million (again, versus February). And while the percentage change in total employment in April compared with February was -13.5%, it is currently -9.6%.
