Pandemic Causes Loss of 20,500,000 Jobs, Unemployment at 14.7 Percent

Temporary layoffs make up 78.3 percent of unemployment.

As expected, the April jobs report showed a catastrophic hit to the labor market stemming from the pandemic. The economy lost another 20,500,000 jobs in April after losing 870,000 jobs in March. This is an order of magnitude higher than any previous two-month decline on record. The unemployment rate jumped to 14.7 percent, up 11.2 percentage points from what had been a 50-year low of 3.5 percent in February. The employment-to-population (EPOP) ratio was down 9.8 percentage points over this period, as 25.4 million fewer people report being employed in April than in February. READ MORE

Why 14.7% unemployment rate doesn’t capture the true state of the coronavirus economy

But these grim numbers — both slightly less horrible than economist expectations – don’t capture the staggering impact of the coronavirus pandemic on the workforce in the world’s largest economy. 

The true unemployment rate may be closer to 19.5%, the government said in a note attached to its report. 

And that figure does not even count people whose hours were cut sharply due to the virus, or who couldn’t look for work because of stay-at-home orders. Read More



  • The global market is indeed weak but many traders are still in denial stage – Finwaze believe the real nightmare is on the way
  • 20Million & more than 15% of the entire American have lost their job READ MORE
  • Pandemic, employment, unemployment & Manufacturing data numbers don’t lie – we are at present worst than the last depression – Read More
  • Second wave is coming we believe; be cautious and remember CASH IS KING.
  • OIL issues are still not over yet – U.S. Oil, Gas Rigs Fall Below 400 For The First Time Since 1940 – READ MORE



  • DAVAO MARCO POLO have thrown in their white towel – READ MORE
  • Sad: Lucio Tan’s fave Chinese resto is closing down – READ MORE
  • Aboitiz, Ayala banks have combined P21.5B loan exposure to Lopez in off-air ABS-CBN – READ MORE
  • DITO is also cautious as China – US Trade War extends – China Telecom & Dito – READ MORE

FINWAZE can list many more stories & things are not looking good now – as trader be cautious and don’t rush into market even though the price is cheap – you can always catch a better price.


  1. CharlesViest 4 weeks ago

    urvish shah audit book ca final online purchase Derniere Mise A Jour Pc Portable Asus Gratuitement olser weber rendu med study book

  2. Convention Collective Casino Jeux Preavis Classy Slots Casino No Deposit Bonus Casino Supermarches Grandir Ensemble Recruter Autrement

Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?