MOSCOW, may 8 — RIA Novosti. the US Unemployment rate in April was updated the record since 1940, and rebounded to the level at 14.7% in March to 4.4%, and the number of jobs in nonagricultural sectors of the economy declined to a record 20.5 million, follows from the data of the Ministry of labour of the country.
Analysts polled by Reuters had expected unemployment at 16% and a reduction in the number of jobs by 22 million. The decline in jobs in March was revised to 870 thousand 701 thousand.
“In April, the unemployment rate rose by 10.3 percentage points to 14.7%. This is the highest rate and largest increase in the entire history of data per month (data adjusted for seasonal fluctuations is available from January 1948),” — said in the report.
USA Ministry of labor publishes monthly statistics on unemployment in the country only since 1948. To this end, the Ministry has published only annual data. According to them, in 1933, during the great depression, unemployment in the US reached an all-time high at 24.9%. If you watch monthly data of the Ministry of labour of the USA since 1948, the maximum level of unemployment in the country was reported in November and December 1982 at the level of 10.8%.
At the same time, the National Bureau of economic research (NBER) publishes monthly statistics since 1929, and according to him at 14-15% unemployment in the US was in a may-July 1940, and in may 1933, it was 25.6 percent.
the Ministry also reported that hourly wages in the country in April increased by 7.9% yoy and made up 30.01 USD. Month-on-month terms it increased by 1.34 dollar.
