BUSINESS
Nearly half of American adults are now unemployed
BUSINESS

Nearly half of American adults are now unemployed

Published: June 30, 2020  |  2 min read, 432 words
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You are using an older browser version. Please use a for the best MSN experience.Nearly half of the adult population is still out of a job, showing just how far the U.S. labor market has to heal in the wake of the coronavirus. The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in... READ MORE
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