COVID-19 and ‘Actually Existing’ Unions
By Steven Tufts
The shut-down of non-essential work in response to COVID-19 has decimated labour markets. The US Bureau of Labor Statistics reported that 20.5 million more workers lost their jobs in April, as official unemployment skyrocketed to 14.7%. It is the largest single-month increase in unemployment since the data series started in 1948. In Canada, the news was not any better as Statistics Canada reported that another 2 million jobs were lost in April following 1 million jobs lost in March as the unemployment rate increased to 13%. This percentage is a wild underestimation of the full impact of reduced hours and underemployment.