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.
The difference between the earnings of men and women has barely closed in the United States in the past two decades. This gap persists even as women today are more likely than men to have graduated from college, suggesting other factors are at play such as parenthood and other family needs.
Hiring by the self-employed has fallen since 2019, with the cutbacks emanating mainly from businesses run by men.
Roughly one-in-five workers say they are very or somewhat likely to look for a new job in the next six months, but only about a third of these workers think it would be easy to find one.
With the economic recovery gaining momentum, unemployment among immigrants is about equal with that of U.S.-born workers.
Here’s how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset.
Earnings overall have held steady through the pandemic in part because lower-wage workers experienced steeper job losses.
In the United States, the transience of economic status varies significantly across racial and ethnic groups and by level of education.
About half of U.S. adults who are currently unemployed and are looking for a job are pessimistic about their prospects for future employment.
The global middle class consisted of 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic.
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