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.
Here’s how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset.
A majority of Americans expect it will be at least a year before life returns to the way it was before COVID-19
Just 9% of the public says it will be less than six months before most public activities operate about as they did before the outbreak.
The number of American homeowners increased by an estimated 2.1 million over the past year, according to the Census Bureau.
About a year since the coronavirus recession began, there are some signs of improvement in the U.S. labor market, and Americans are feeling somewhat better about their personal finances than they were early in the pandemic.
The outbreak has dramatically changed Americans’ lives and relationships over the past year. We asked people to tell us about their experiences – good and bad – in living through this moment in history.
Unemployed Americans are feeling the emotional strain of job loss; most have considered changing occupations
About half of U.S. adults who are currently unemployed and are looking for a job are pessimistic about their prospects for future employment.
Though this figure is a sliver of all PPP loans lent out to small businesses as of August, it represents a large segment of U.S. newspaper companies.
In many countries, people are more negative about the economy amid COVID-19 than during Great Recession
A median of 80% across 10 countries now say their country’s economy is faring badly, compared with a median of 72% who said this in 2008-2009.
Response to the pandemic has pushed the federal budget higher than it's been in decades, but Americans are slightly less concerned about the deficit than in recent years.