Quick Recovery for Unemployment Rate

June 17, 2022

The U.S. unemployment rate skyrocketed to 14.7% in April 2020 when the economy shut down in response to the pandemic. This was by far the highest rate since the current tracking system began in 1948. Fortunately, employment has recovered at a record pace — the unemployment rate was just 3.6% in March, April, and May 2022, nearly the same as before the pandemic.


The official unemployment rate only reflects unemployed workers who are actively looking for a job. A broader measure that captures workers who want a job but are not actively looking, as well as part-time workers who want full-time work, dropped from 22.9% in April 2020 to 7.1% in May 2022.

unemployment-chart

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

A family is walking through an airport with luggage.
June 28, 2025
Rising prices can make planning a budget-friendly family vacation challenging. Follow these tips to help.
A man and a woman are standing on a balcony.
June 28, 2025
Condominiums, or condos, appeal to home buyers of all ages who want to reap the benefits of homeownership while spending less time and money on upkeep.
A woman is sitting at a table using a laptop computer.
June 28, 2025
Only 54% of workers or their spouses have tried to estimate the savings they would need to live comfortably in retirement; have you?
A woman is sitting in a beach chair reading a book.
June 28, 2025
Travel spending was hit hard by the pandemic but surpassed pre-pandemic levels in 2024. Where are they now?
Show More