The April 2020 Economic Report shows clearly the devastating economic impact of the global COVID-19 pandemic. The national unemployment rate has not been as high as 14.7% since the Great Depression. Approximately 20.5 million people lost their job, ending a decade of steady job growth.
This sudden and unexpected contraction in the economy has negatively impacted the Leisure and Hospitality, Education and Health Services and Professional and Business Services sectors in particular.
The information for this report was developed using data from the U.S. Bureau of Labor Statistics, U.S. Census Bureau, Yahoo Finance, National Bureau of Economic Research and FedPrimeRate.com. Below the report, check out the Amtec Tip of the Month about preparing for an interview.
As a candidate, preparing for an interview is an important step in the process of getting a job. One key to preparing is not to memorize or rehearse an exact answer. A scripted response will probably come across as insincere. The best way to approach an interview is to define several clear key qualities about yourself that you want to convey and be ready to share a few personal stories or situations that demonstrate those qualities. Read more about preparing to answer behavioral interview questions here.
If you’re unable to view our April 2020 Economic Report or would like additional information, read below:
COVID-19: The changes in these measures reflect the effects of the coronavirus pandemic and efforts to contain it. The household survey response rate, at 70%, was about 13% lower than in months prior to the pandemic. The collection rate for the establishment survey was 74.9%, essentially unchanged from collection rates prior to the pandemic.
Note: Data below represents changes from different months.
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Team Amtec, Also Know As FAmtec. From left to right: Jay Ramos, Cynthia Carrillo, Keely Smtih, James Lani, and Luke Marquardt