The North Shore seasonally unadjusted unemployment rate jumped to 17.1% in April 2020, up from just 2.9% the previous month, as hotels, restaurants and retailers closed amid efforts to curb the spread of the coronavirus (COVID-19) pandemic. Additional coronavirus related unemployment came from reductions in health care due to stoppage of non-COVID-19 related procedures and within construction from shutting down of non-essential worksites.
The Executive Office of Labor and Workforce Development reports that the number of unemployed increased by 30,022 or 81.6% from March to April on the North Shore.
Unemployment on the North Shore is at its highest levels ever, nearly doubling the previous highs of 9.6% in January 1992 and 9.2% in January 2010. North Shore unemployment records go back to 1990.
Nationwide, the unemployment rate stood at 14.7% and the Massachusetts unemployment rate was 15.1%.
The unemployment rate in Massachusetts was the fifteenth highest in the nation last month.
The Bureau of Labor Statistics’ preliminary job estimates indicated that Massachusetts lost 623,000 jobs in April. The labor force decreased by 9.7% from 3,772,000 in March to 3,407,300 in April. This brought the labor force participation rate - the total number of residents 16 or older who were employed or actively seeking work – down to 60.3% and is the lowest rate on record.