Unemployment Is Down Substantially Compared to the Recent Past

As of January 2020, the unemployment rate in America was 3.6%. However, by March 2020, the Coronavirus changed everything with amazing speed, causing the unemployment rate to soar to about 15%. Many formerly excellent jobs were permanently lost. By February 2021, the unemployment rate had dropped to 6.2%. This was partly the result of people being re-hired or finding new jobs. Unfortunately, however, it was also the result of millions of people giving up and leaving the workforce, and therefore no longer being counted among those looking for jobs.

It is vital for a job seeker to understand which industries offer the best opportunities, as well as how to best apply for a job online, how to conduct research that will help him or her to shine during an interview and how to create an effective list of prospective employers.

It is also important for job seekers to face the fact that locale has a lot to do with the unemployment rate. There is wide variance in the unemployment rate from state to state and city to city.

Internet Research Tip:

The latest rankings of states by unemployment rate can be found at the Bureau of Labor Statistics, www.bls.gov.

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Unemployment Is Down Substantially Compared to the Recent Past, Business and Industry Trends Analysis

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