×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: joblessness | Latinos | less educated | unemployment

Joblessness Slams Latinos, Less Educated With Brutal Force

 Joblessness Slams Latinos, Less Educated With Brutal Force
(Audiohead/Dreamstime)

Friday, 08 May 2020 09:57 AM EDT

The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.

And the scars are deeper for some than others. Just as the decade-long recovery had begun to dent some of the disparities in the U.S. labor force, the wave of layoffs beginning in mid-March and continuing last month has widened them again.

By race: Blacks and whites each saw a rise of about 10 percentage points in the unemployment rate. But the unemployment rate among Latinos jumped nearly 13%, possibly reflecting the steep job losses in the hospitality industry.

By education: The unemployment rate at least tripled for every major education category. But that still left the rate for those with college degrees in the single digits, at 8.4%. By contrast, more than 21% of those without a high school degree were jobless.

By gender: Men and women had about equal unemployment rates going into the pandemic. The initial rounds of layoffs hit women slightly harder, possibly reflecting the deeper hit in the service industries.

© 2023 Thomson/Reuters. All rights reserved.


Economy
The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.
joblessness, Latinos, less educated, unemployment
199
2020-57-08
Friday, 08 May 2020 09:57 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved