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

Product Engineer

Govly

Full Time

USD 150 — USD 240 yearly

Mechatronics Intern Fall 2025

Yondu

California,

Internship

USD 9000 — USD 15000 yearly

Product Software Engineer

Vapi

California,

Full Time

Salary Undisclosed

Content Creator/Content Specialist - AI Agent Use Cases

Tasker ai

California,

Contract

USD 60000 — USD 70000 yearly

Frontend Engineer

AiPrise

Full Time

USD 1800000 — USD 2200000 yearly

Senior Product Manager

Deed

Berlin,

Full Time

USD 75000 — USD 85000 yearly

Everything Intern

Kastle

California,

Internship

USD 100000 — USD 105000 yearly

Full Stack Engineer

Piramidal

New York,

Full Time

USD 120000 — USD 270000 yearly

AI Engineer

Numeral

Full Time

USD 170000 — USD 275000 yearly

Founding Full Stack Engineer

Leaping AI

California,

Full Time

USD 150000 — USD 220000 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).