• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
Financeunemployment

Photo essay: What unemployment looks like in pandemic America

By
Alex Scimecca
Alex Scimecca
and
Lee Clifford
Lee Clifford
Down Arrow Button Icon
By
Alex Scimecca
Alex Scimecca
and
Lee Clifford
Lee Clifford
Down Arrow Button Icon
July 24, 2020, 1:40 PM ET
Unemployment-01
UNITED STATES - JULY 22: Demonstrators rally near the Capitol Hill residence of Senate Majority Leader Mitch McConnell, R-Ky., to call for the extension of unemployment benefits on Wednesday, July 22, 2020. The benefit, created by the CARES Act, is set to expire on July 31. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)Tom Williams—CQ-Roll Call/Getty Images
Add Fortune on Google for similar content.

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.

The numbers tell one story. Following an almost unimaginable spike to 6.9 million new unemployment claims in late March, the number of unemployed Americans has gradually settled to around 1.4 million new claims per week.

Prior to the pandemic, claims had never been above 700,000. But that still puts the unemployment rate at 11.1%—higher than the Great Recession peak. While some states have been spared the worst (Montana and Wyoming), others that depend heavily on tourism (Nevada, Florida, and Hawaii) have sustained brutal economic trauma that have many wondering when—and if—the jobs will ever come back. We know already that the pain has not been spread evenly, with Black Americans seeing a much higher spike in unemployment than other groups. Meanwhile with the extra $600 in weekly federal unemployment benefits scheduled to expire (Congress is weighing options for an extension or replacement), and the federal moratorium on evictions ending July 25, many economists fear American families are about to fall off a financial cliff.

And that’s a story the numbers don’t tell. The worry, and fear, and hope, and sense of loss facing those Americans who plunged from one of the tightest job markets in history, into one of the most bleak. They’re braving long lines to register for unemployment. Navigating slow and faulty state systems. Risking their own health to look for work. Wondering whether they’ll be able to work at all if schools don’t reopen in the fall. Joining protests to implore legislators to extend extra federal benefits. They are worried about their future, they’re worried about their health, they’re worried about their kids, and they’re worried about their country. 

Here’s what that looks like, as the pandemic of unemployment spreads across the country.

Unemployment-10
Special events workers who were forced out of their jobs because of the COVID-19 pandemic march in Salt Lake City on July 21.
Rick Bowmer—AP Images
Unemployment-06
Protesters ask senators to support the continuation of unemployment benefits on July 16 in Miami Springs, Fla.
Joe Raedle—Getty Images
Unemployment-04
Jmal Adame (at right) hands out information packets on open positions at a drive-thru job fair in Omaha on July 15, 2020. Nebraska reinstated a job-search requirement for most people claiming unemployment benefits.
Nati Harnik—AP Images
Unemployment-05
Micah Barnett (left), a former cook left jobless in the wake of the COVID-19 pandemic, is helped by Jim Polly (bottom right) from the Oklahoma Employment Security Commission at Expo Square in Tulsa, on July 15.
Matt Barnard—Tulsa World/AP Images
Unemployment-09
A man fills out paperwork while waiting for his number to be called at a job fair in Tulsa on July 15.
Nick Oxford—The Washington Post/Getty Images
Unemployment-03
Volunteers prepare boxes of food for the Second Harvest Food Bank of Central Florida at City of Destiny church on July 6. The demand for food persists in the Orlando area, owing to the large numbers of service workers and others who have lost their jobs as a result of the pandemic.
Paul Hennessy—SOPA Images/LightRocket/Getty Images
Unemployment-02
People line up outside the Kentucky Career Center in Frankfort prior to its opening to get assistance with their unemployment claims on June 18.
Bryan Woolston—Reuters
Unemployment-08
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center in Frankfort on June 19 for help with their unemployment claims.
John Sommers II—Getty Images
Unemployment-11
Gail Norman participates in a die-in protest on May 22 in Miami Beach, asking the State of Florida to fix its unemployment benefits system.
Joe Raedle—Getty Images
Unemployment-07
Signs hang from the Meridian Heights apartment building in Washington, D.C., on May 18, 2020.
Caroline Brehman—CQ-Roll Call, Inc/Getty Images
Unemployment-12
Tatiana Fernández distributes unemployment documents to residents of Miami-Dade County in Hialeah, Fla., on April 7.
Matias J. Ocner—Miami Herald/Tribune News Service/Getty Images

Text by Lee Clifford. Photo editor: Alex Scimecca. Additional reporting by Lance Lambert.

More must-read finance coverage from Fortune:

  • How the U.S. economy is doing in 8 charts
  • Why is there a coin shortage in the U.S.?
  • Subprime lending giant CardWorks offers a glimpse into consumers’ wallets—and some surprising clues about the economy
  • 4 ways businesses can adapt to a changing supply-chain environment
  • Howard Hughes CEO Paul Layne on why suburban real estate will thrive in a post-COVID world
  • How one toy store owner used his PPP loan to pivot online—and saw sales soar
About the Authors
By Alex Scimecca
See full bioRight Arrow Button Icon
By Lee CliffordExecutive Editor
LinkedIn icon

Lee Clifford is an Executive Editor at Fortune. Primarily she works with the Enterprise reporting team, which covers Tech, Leadership, and Finance as well as daily news and analysis from Fortune’s most experienced writers.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Top CD rates from major banks June 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on June 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 24, 2026
33 minutes ago
Current price of gold as of June 24, 2026
Personal Financegold prices
Current price of gold as of June 24, 2026
By Danny BakstJune 24, 2026
35 minutes ago
Current price of Ethereum for June 24, 2026
Personal FinanceEthereum
Current price of Ethereum for June 24, 2026
By Joseph HostetlerJune 24, 2026
37 minutes ago
Current price of Bitcoin for June 24, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for June 24, 2026
By Joseph HostetlerJune 24, 2026
37 minutes ago
Taktile cofounders Maik Taro Wehmeyer (left) and Maximilian Eber (right) stand side by side, smiling at the camera.
Startups & VentureVenture Capital
Exclusive: Taktile raises $110 million from Goldman Sachs, Tiger Global to automate high-stakes financial decisions 
By Camila Grigera NaónJune 24, 2026
41 minutes ago
price-of-oil-06-23-2026
Personal FinanceOil
Current price of oil as of June 24, 2026
By Joseph HostetlerJune 24, 2026
53 minutes ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
7 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.