Roughly one quarter of the workforce in Nevada, Michigan and Hawaii are unemployed, and nearly every other state registered a record-high jobless rate last month, illustrating the historic, wide-spread economic havoc wrought by the coronavirus
Nationwide, 43 states in April registered jobless rates higher than at any point since the government started tracking such data more than 40 years ago. The figure generally represents an undercount of the total percentage of Americans out of work, partly because federal officials calculate it by surveying households and including only those actively looking for new positions.
Economists said the new data offers a cautionary tale to policymakers, a day after the Labor Department reported that a benefits over the past nine weeks. Absent additional federal aid, the job losses could worsen, experts said, inflicting once-unfathomable economic hardships on workers, their families and the states where they live.Adding to the trouble are potential “spillover effects,” said Tara M. Sinclair, an associate professor of economics at George Washington University.
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