Washington sees ‘unprecedented’ drop in employment during the month of April
Washington saw what a report is calling an ‘unprecedented’ drop in employment in April, with state revenues falling over $434 million short of February’s forecast.
The report issued by the state Economic and Revenue Forecast Council details job losses by department statewide.
According to the report, private services-providing sectors lost 359,300 jobs in the span of four months.
Roughly 47,200 workers in the construction industry were also unemployed, and manufacturing jobs declined by 27,700.
Washington car and truck sales hit an all-time low, plummeting to historically low levels.
The report notes a $434.6 million shortfall between April 11 and May 10, but cites DOR-approved deferrals of payments as the reason for just below half of that lost revenue.
Nationally, 20.5 million people found themselves without a job as of April, according to the report, with the U.S. unemployment rate rising to 14.7%.
Of the over 671,000 layoff announcements last month, more than 633,000 of them were related to COVID-19.
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