What happened to unemployment during the last month of 2020?

What happened to unemployment during the last month of 2020?

2020 was a very difficult year for the vast majority of sectors of the economy with some of them being hit very hard. Unemployment was one of the results of the Covid-19 pandemic and its closures and lockdown. What happened to the figures during the December ems?

The year 2020 ended up destroying jobs. According to data from the Bureau of Labor Statistics (BLS), 140,000 jobs were lost in December due to the increase in COVID cases, hospitalizations, and deaths in recent months, and the effect this has on demand and efforts. to control it.

December was the first month since last April that more jobs were lost than created.

E-commerce has been one of the sectors that has grown continuously since the start of the pandemic.

This job loss comes after months of job recovery following steep drops in the spring when the COVID pandemic was declared.

The unemployment rate remained at 6.7%, the same as in the previous month, although in the case of Latinos it has increased to 9.3% compared to 8.4% the previous month.

Most of the jobs have been lost in the hospitality and hotel services sector in addition to private education.

 In the areas of professional services and business, retail sales, and construction, the situation has been better and has allowed the net number of lost jobs to not be even higher.

Tourism and entertainment have been hardly hit by the Covid-19 health and economic crisis

Among the unemployed, there are some three million who are temporarily unemployed, but 37.1% of the unemployed (who are only counted as such if they are actively looking for work) have been without a job for more than 27 weeks.

Some 15.8 million people said they could not work because their employer closed or lost sources of income during the pandemic, a million more than the previous month.

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