"April's more than 20 million job losses were also the worst on record. Manufacturing companies shed more than 1.3 million jobs last month. The ILO pointed out in its note on the impact of the coronavirus on the labor market, that the total value added of industrial enterprises in China fell by 13.5% in the first two months of 2020 alone. The ILO's recommendations for international policy response included worker protection measures such as encouraging appropriate flexible working arrangements, like teleworking. "Unemployment rates across Asia … "Average hourly earnings in the U.S. actually jumped more than 4.6% in April to $30.01 – but that increase was fueled by the "substantial job loss among lower-paid workers," according to the BLS report. It calculated that there could be as many as 35 million more people in working poverty around the world than before the pre-coronavirus estimate for 2020. Guy Ryder, director general of the ILO, said that the coronavirus outbreak was no longer only a "global health crisis, it is also a major labor market and economic crisis." "If we treat everyone who lost their job as becoming unemployed, then the actual unemployment rate is 9.1 per cent, having improved considerably from 11.6 per cent in May," he noted.One of the Reserve Bank's targets is full employment, but back when that target was set it meant a very different thing to what does today.That number would be higher still if not for JobKeeper, with EY's chief economist Jo Masters pointing out that there were still 165,000 people counted as employed but working zero hours.Sarah Hunter from BIS Oxford Economics reckons the real unemployment rate is still around 10 per cent. Stephanie Aaronson and Francisca Alba examine how shocks to the economy, like the coronavirus, play out at the metropolitan level, with a specific focus on the unemployment rate. More than 3.9 million people have tested positive for the coronavirus … "There's about 200 applicants at least for every one job and a lot of those are being taken by people with higher qualifications who've just recently come out of work," she told ABC's The Business.That is reflected in the official Bureau of Statistics data, which show the huge number of jobs created last month — 114,700, almost three times what most economists forecast — were more than soaked up by an even greater number of job seekers returning to the labour market as COVID-19 restrictions continue to be eased in most parts of the nation.The Bureau of Statistics data estimated more than a million Australians were unemployed in early July, up by nearly 16,000 from the previous month.That pushed the official unemployment rate up from 7.4 to 7.5 per cent, the highest level since November 1998.Jobs website Indeed's Asia-Pacific economist Callam Pickering said the real unemployment rate was much higher, but had dropped since a peak in May. Payroll employment fell an unprecedented 22 million in March and April before adding back 7.5 million jobs in May and June. "The unemployment numbers have reached a catastrophic level, resembling those of the Great Depression. The unemployment rate for those with less than a high school diploma in April soared to 21.2%, while those with high school diplomas but no college saw an unemployment rate of 17.3%. Central banks around the world are lowering interest rates, as part of Got a confidential news tip? Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report.Virus Contact Tracers in Massachusetts Might Order Milk or Help With RentNot all U.S. presidents are missed once they leave the White House.A collection of moments during and after Barack Obama's presidency.The former vice president has become the Democratic front-runner with primary victories across the country.The agreement, which was immediately panned by Palestinian leaders, comes as Trump needs a foreign policy win amid falling poll numbers. Even when stay at home orders end, many of the jobs of yesterday will cease to exist. By comparison, some 22 million jobs were lost around the world between 2008-9, during the global financial crisis. Tue 4 Aug 2020 23.37 EDT Last modified on ... New Zealand’s unemployment rate has stunned economists by dropping from 4.2% to 4% after one of the world’s strictest coronavirus … Data is a real-time snapshot *Data is delayed at least 15 minutes. A mannequin dressed in protective gear due to the COVID-19 pandemic, is deployed in front of a car wash to attract customers, in Lima, Peru, Monday, Aug. 10, 2020. For those with at least a bachelor's degree, unemployment sat at 8.4% – a historically large figure but well shy of those with less educational attainment.For white Americans, unemployment rose to 14.2%. "I'm looking for anything and everything," said the single mother, who is also studying.But there is huge demand for every new job out there. Tue 4 Aug 2020 23.37 EDT Last modified on ... New Zealand’s unemployment rate has stunned economists by dropping from 4.2% to 4% after one of the world’s strictest coronavirus … It remains to be seen how many of these individuals who were temporarily laid off are actually able to return to work – and when that return might take place. For blacks and African Americans, unemployment soared to 16.7%, while the rate jumped to 18.9% for those of Hispanic or Latino ethnicity. The estimates come as the outbreak of COVID-19 has forced countries to restrict the movement of citizens, and in some cases enforce lockdowns, causing a decline in global economic activity, particularly in the manufacturing and service sectors. Key Points The ILO had a “high” unemployment estimate of 24.7 million and a “low” estimate of 5.3 million. Here’s a recap of the global response to the coronavirus pandemic for Friday, May 8, 2020.