Employment Fell by 20.5M in April, Unemployment Rose to 14.7%

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Employment Fell by 20.5M in April, Unemployment Rose to 14.7%

Washington, DC, May 8, 2020-Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7%, the U.S. Bureau of Labor Statistics reports. 

The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality.