The Bureau of Labor Statistics reported the latest employment data in a news release on September 23, 2020. Unemployment in America rose from 4% in February 2020 to over 14% in April due to COVID-19 shutdowns. Since April, the unemployment trend has decreased. The rate in August 2020 declined to 8.4%. The number of nonfarm employees increased by 1.4 million in August.
Many individuals changed from office to telework in March 2020. Over 24% of employed individuals teleworked during August. However, there were still 24 million individuals who were not working because their employer closed down...More