COVID-19 Pandemic Pinches Finances of America’s Lower- and Middle-Income Families
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
Numbers, Facts and Trends Shaping Your World
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
Among adults 25 and older who have no education beyond high school, more women have left the labor force than men.
The challenges of a COVID-19 economy are clear for 2020 college graduates, who have experienced downturns in employment and labor force participation.
Here’s how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset.
Roughly 9.6 million U.S. workers lost their jobs during the COVID-19 downturn; only about 2.6 million EU workers lost jobs in this period.
About half of U.S. adults who are currently unemployed and are looking for a job are pessimistic about their prospects for future employment.
Recent pandemic migrants are more likely than those who moved earlier in the outbreak to have relocated due to financial stress.
The global middle class consisted of 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic.
The course of the pandemic in India and China will have a substantial effect on changes in the distribution of income at the global level.
Fewer than a third (30.8%) of U.S. teens had a paying job last summer. In 2019, 35.8% of teens worked over the summer.
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