There's likely worse to come as job losses continue to climb in the US and globally. An estimate by Citigroup found that 31 million women in vulnerable sectors around the world face potential job cuts versus 13 million men. If allWorkers of color are also experiencing higher rates of unemployment than white Americans. In April, Hispanic unemployment surged to an all-time high of 18.9%, while black unemployment rose to 16.7%. White unemployment was 14.2%.
The unemployment rate for teenagers was nearly 32% in April from 11% a month earlier, according to the Bureau of Labor Statistics. Including young adults, the rate goes even higher — Gen Z, or those aged 16 to 23, have an unemployment rate of 34.1%, accordingYoung workers were also highly present in industries that faced layoffs and closures due to the pandemic, including retail, restaurants, and leisure and hospitality.
In addition, the trillions of dollars in government stimulus efforts including unemployment benefits and direct checks have helped American workers, businesses, and their families amid the pandemic. And, there could be more relief ahead — Congress is weighing a number of initiatives that would aid workers, families, and businesses going forward.
I work for USCIS and they're pending 1,000 layoffs in my state alone. The government can't even give their own programs money, 1000 people and congress can't bail out immigration lol.
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Fuente: BusinessInsider - 🏆 729. / 51 Leer más »