
COVID-19 Restrictions on Schools, Businesses Drive State Jobless Rates
The unemployment rate dropped more than expected in October, to 6.9%—from 7.9% in September—as 638,000 jobs were added or regained. Moreover, the number of people reporting lost work (either reduced hours or none) because their employer closed or lost business due to the coronavirus pandemic plummeted by 4.3 million, to 15.1 million. While the unemployment […]