Research: U.S. Unemployment Rising Faster for Women and People of Color
20 April, 2020
The Covid-19 pandemic has hit the workforce hard. Jobless claims have reached 22 million, and the Federal Reserve estimates that up to 47 million jobs could be lost. No matter where the numbers ultimately end up, economists agree that the pandemic will have an uneven economic impact — and all signs indicate that minorities and women will be hardest hit.
That’s already happening. According to March data from the Department of Labor, last month the unemployment rate for women grew by 0.9%, versus 0.7% for men.
Read more: on the HBR website (EN)