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U.S. information sector: unemployment rate 2010-2020

As of April 2020, the unemployment rate in the U.S. information sector stood at around 11 percent, a stark increase from the previous months, as the tech sector was hit hard by the economic recession brought about by the coronavirus (COVID-19) outbreak. The information sector is comprised of those businesses involved in the production or distribution of information, those involved in providing a means to distribute information and data, and those involved in data processing.

Information Sector in the U.S.

The U.S. information sector is comprised of six segments: publishing industries (except internet), motion picture and sound recording industries, broadcasting (except internet), telecommunications, data processing/hosting, and other information services. As a whole, the sector employs over 2.7 million people around the United States. and accounts for a significant portion of the country’s entertainment industry. As unemployment has fallen, average hourly earnings within the sector have also risen sharply within the past decade, now amounting to over 40 dollars per hour. Paradoxically, this trend towards more favorable employment conditions comes at a time when union membership within the sector has fallen to under 10 percent.

Unemployment rate in the U.S. information sector from 2010 to 2020, by quarter

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Source

Release date

October 2020

Region

United States

Survey time period

2010 to 2020

Supplementary notes

The Information sector comprises establishments engaged in the following processes: (a) producing and distributing information and cultural products, (b) providing the means to transmit or distribute these products as well as data or communications, and (c) processing data.

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