Over 20 million jobs lost in the US as of April 2020.

The unemployment rate has escalated to 14.7%.


Carl Adrian

11 May, 2020

Over 20 million jobs lost in the US as of April 2020. | BEAMSTART News

- From our Sponsors -

With the pandemic shutting down countries and economies, businesses in America have taken drastic measures to cut operating costs, some laying off up to 90% of their workforce in the recent weeks. 

According to the US Bureau of Labor Statistics, over 20.5 million jobs have been wiped out as of April 2020, bringing the total unemployment rate to 14.7%.

This figure has more than doubled since March, which stood at 7.1 million people.

One of the hardest hit sectors are the travel and hospitality sectors, cutting over 7.7 million job positions. 

The education and health services sector suffered just as badly, with over 2.5 million positions lost. 

Retail came in third, with over 2.1 million positions terminated..

“If everyone who filed unemployment insurance claims showed up as unemployed it would be a much higher unemployment rate," said by an economist at Moddy’s Analytics, Dante DeAntonio.

As records tabulated above had only shown unemployment rates up to middle of April, the total unemployment figure as of May 2020 could be significantly higher.

- From our Sponsors -

Latest Jobs

Founding Engineer

Splash Inc.

California,

Full Time

USD 100000 — USD 160000 yearly

Sales Development Representative

Fresco

California,

Full Time

USD 55000 — USD 120000 yearly

Account Executive

GrowthBook

Full Time

USD 100000 — USD 150000 yearly

Growth Marketing Manager, SEO & GEO

Firecrawl

Contract

USD 70000 — USD 100000 yearly

Android Engineer

Ziina

Full Time

USD 80000 — USD 140000 yearly

Founding Design Engineer

Solve Intelligence

England,

Full Time

USD 70000 — USD 150000 yearly

Backend Developer

CozmoX AI

Karnataka,

Full Time

USD 2500000 — USD 6000000 yearly

Sales Development Representative

Corgi

Texas,

Full Time

USD 90000 — USD 150000 yearly

Fullstack Engineer at Bemlo - Linear for healthcare scheduling (W22)

Bemlo

Stockholm County,

Full Time

USD 90 — USD 160 yearly

Forward Deployed Finance Systems Analyst

Concourse

New York,

Full Time

USD 120 — USD 160 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).