BLS Reports 14.7% Increase in the Unemployment Rate

  • May 09, 2020 AEST
  • Team Kalkine

On 8 May 2020, a report released by U.S. Bureau of Labor Statistics reported an increase in the unemployment rate by 14.7%. The change in the unemployment was seen sharply across all the major industry sectors. However, the major job losses were from the leisure and hospitality.

BLS’s Employment Survey Data Highlights:



% Change in Employment In April



Total Nonfarm Payroll Employment

Dropped 20.5 million in April, post falling by 870K in March.

Leisure & Hospitality

Declined by 47%.

Education & Health Services

Dropped by 2.5 million

Professional & Business Services

Dropped 2.1 million jobs

Retail Trade

Fell by 2.1 million.


Dropped by 1.3 million

Other Services

Declined by 1.3 million

Government Services

Dropped by 980,000


Fell by 975,000

Transit & Ground Passenger Transportation

Lost 185,000 jobs

Air Transportation

Lost 141,000 jobs

Wholesale Trade

Shed 363,000 jobs

financial activities

plummeted by 262,000





The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK