Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Data: U.S. Bureau of Labor Statistics; Chart: Andrew Witherspoon/Axios

America's unemployment rate is now at its highest since the Great Depression, and it's likely a major underestimate.

The big picture: More than 30 million have filed for unemployment since the coronavirus lockdowns started — the government said there were 20.5 million net jobs lost in April alone — but the fallout has been far from equal.

Women made up a bigger share of April's job losses (55%) than men.

  • That's a complete reversal from recent recessions; usually men bear the brunt of job losses at first and female payroll share rises," Ernie Tedeschi, an economist at Evercore ISI, points out.

America's less educated workers, who were just beginning to reap the benefits of the flourishing labor market — as we've reported in the past — are losing work at about four times the rate of those with college degrees, per the Washington Post.

Data: U.S. Bureau of Labor Statistics; Chart: Andrew Witherspoon/Axios

Black and Hispanic/Latino workers "finally started to see significant wage gains [over the past two years] — and those are going to get wiped out," Christopher Hayes, a professor at Rutgers School of Management and Labor Relations, tells Axios.

Data: U.S. Bureau of Labor Statistics; Chart: Andrew Witherspoon/Axios

Between the lines: Nearly 4 in 5 people who lost work said their job loss was temporary, which shores up hope that businesses might be quick to hire these workers back once the economy reopens. That's if hirers need as many hands-on-deck as they did before the pandemic.

  • But economists worry the recovery will be just as uneven as in past recessions, with the most vulnerable groups still on the sidelines while others recoup work.

Go deeper

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."

Aug 15, 2020 - Sports

Trump says he talked to Clemson QB Trevor Lawrence about fall play

Clemson quarterback Trevor Lawrence on June 13. Photo: Maddie Meyer/Getty Images

President Trump told reporters at a Saturday press conference that Clemson star quarterback Trevor Lawrence called him about the upcoming college football season.

What they're saying: “...I want college football to come back. These are strong, healthy, incredible people. These are people that want to play football very badly," Trump said Saturday evening. "A great, great talented quarterback Trevor Lawrence called me two days ago; I spoke to him a couple times."

Why learning pods aren't a panacea for remote learning

Illustration: Aïda Amer/Axios

Pandemic learning pods — also called microschools or co-ops — are popular options for parents looking to fill in the academic and social gaps for children who will be learning virtually come fall.

How it works: Across the country, groups of parents are pooling resources to hire a teacher, tutor or child care professional to preside over a small cohort of students, direct their studies and provide general supervision so parents can work.