April 2020, Ohio Unemployment Rate is 16.8%, it TRIPLED in a month

Crosspost to GD

Source--https://www.cleveland.com/datacentral/2020/05/ohios-unemployment-nearly-triples-to-164-in-april.html

Title-Ohio’s unemployment rate nearly triples to 16.8% in April
Updated 9:16 AM; Today 8:42 AM

snip--"CLEVELAND, Ohio - Ohio’s unemployment rate nearly tripled to 16.8% in April as the state lost 823,700 jobs with many employers shuttered because of coronavirus-related concerns, the state announced Friday.

The unemployment rate is higher than at any point in published state records by the U.S. Bureau of Labor Statistics going back 1976, with the previous high of 14% in December 1982 and January 1983.


snip--"Ohio’s unemployment rate was 4.1% in February and rose to a revised 5.8% in March as the state was beginning to shut down, though key parts of the data gathering for the March estimate were done before businesses and schools began to close.

The U.S. unemployment rate in April was 14.7%. The only previous time post-World War II when the national unemployment rate exceeded 10% was when it ranged from 10.1% to 10.8% from September 1982 through June 1983, according to BLS data. It has been estimated at close to 25% during the Depression."

more at article


Mikeys' presser will be lit today