Even historically high official unemployment rate understates the extent of economic pain: Official unemployment rate and the unemployment rate that takes into account all those workers who are out of work as a result of the virus, by demographic group, April 2020
|Official unemployment rate||Unemployment rate that takes into account all those out of work because of the virus|
|Less than HS||23.7%||37.1%|
|Generation Z (16-23)||28.1%||43.8%|
|Generation X (40-55)||11.6%||18.8%|
|Baby Boomer (56-74)||13.4%||21.8%|
|Silent Generation (75+)||16.2%||33.6%|
Note: The adjusted unemployment rate includes those who are officially unemployed plus the misclassified (the excess number of those who reported that they were employed but not at work for other reasons) plus those who left the labor force (but would otherwise have been counted if they were actively seeking work).
These numbers are not seasonally adjusted therefore they may not match the seasonally adjusted numbers published by the Bureau of Labor Statistics.
The breakdowns by race will also not match those published by the Bureau of Labor Statistics because we use mutually exclusive race and ethnic categories: for instance, white non-Hispanic.
Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata.