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 * Topics›
 * Employment in the United States›


THE COVID JOBS RECOVERY IS COMPLETE (AND THEN SOME)


U.S. LABOR MARKET

by Felix Richter,  
Nov 7, 2023
Employment in the United States

When the Covid-19 pandemic arrived in the United States in March 2020, forcing
large parts of the economy to shut down practically overnight, millions of
Americans lost their jobs in a matter of weeks. Unemployment surged to an
unprecedented 23 million in April 2020, 50 percent higher than the previous
record set during the Great Recession in 2009.

And while the Covid-related labor market contraction was by far the sharpest on
record, the recovery that followed was almost as swift. Once Covid restrictions
were eased, millions of Americans immediately returned to work before progress
slowed to a crawl amid a winter wave of new infections. Nevertheless,
unemployment had halved to 10.8 million by the end of 2020 as 12 million lost
jobs had been recovered.

With steady progress through 2021 and the first half of 2022, the jobs recovery
was eventually completed in June 2022, when total nonfarm employment passed its
pre-pandemic high of 152.4 million. Hiring didn’t stop there, however. Despite
the Fed’s efforts to cool the labor market in order to bring down inflation,
hiring continued to be strong through 2022 and large parts of 2023. By October
2023, nonfarm payrolls had increased to 156.9 million, exceeding their
pre-pandemic peak by 4.6 million jobs.



Felix Richter
Data Journalist
felix.richter@statista.com +49 (40) 284 841 557






Description

This chart shows the cumulative change in total nonfarm employment in the United
States since February 2020.

Report

Download Chart

URL to be used as reference link:
https://www.statista.com/chart/24363/number-of-jobs-lost-since-february-2020/
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<a
href="https://www.statista.com/chart/24363/number-of-jobs-lost-since-february-2020/"
title="Infographic: The Covid Jobs Recovery Is Complete (And Then Some) |
Statista"><img
src="https://cdn.statcdn.com/Infographic/images/normal/24363.jpeg"
alt="Infographic: The Covid Jobs Recovery Is Complete (And Then Some) |
Statista" width="100%" height="auto" style="width: 100%; height: auto
!important; max-width:960px;-ms-interpolation-mode: bicubic;"/></a> You will
find more infographics at <a
href="https://www.statista.com/chartoftheday/">Statista</a>
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U.S. Services Employment Index 2020-2023
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Auto parts companies South Korea 2022, by employment size
Employment rate in the UK 1971-2022
U.S. monthly change in nonfarm payroll employment 2021-2023
U.S. monthly change in the manufacturing sector employment 2022-2023
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U.S. Manufacturing Employment Index 2021-2023
+ Premium statistics
U.S. Services Employment Index 2020-2023
+ Premium statistics
Auto parts companies South Korea 2022, by employment size
Employment rate in the UK 1971-2022
U.S. monthly change in nonfarm payroll employment 2021-2023
U.S. monthly change in the manufacturing sector employment 2022-2023
+ Premium statistics
U.S. Manufacturing Employment Index 2021-2023
+ Premium statistics
U.S. Services Employment Index 2020-2023
+ Premium statistics
Auto parts companies South Korea 2022, by employment size
Employment rate in the UK 1971-2022
U.S. monthly change in nonfarm payroll employment 2021-2023



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Your contact to the Infographics Newsroom
Felix Richter
Data Journalist
felix.richter@statista.com +49 (40) 284 841 557






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