Skip to main content

Employment Report (Apr.)

The loss of 20.5 million jobs in April was largely as expected based on the tsunami of jobless claims and, although the unemployment rate only climbed to 14.7%, slightly below expectations, that was principally because the BLS is still having problems with misclassifying absent workers. Without that distortion, the unemployment rate would have been close to 20% last month.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access