Who’s Losing the Most Jobs to the Coronavirus?

As I said earlier, I don’t normally spend a lot of time on the details of the monthly jobs report. This month is an exception since people are understandably interested in the effect that the coronavirus lockdown has had. With that in mind, here’s an excerpt from the household survey:

There are several obvious takeaways:

  • Men and women are losing jobs at about the same rate. Both groups now have an unemployment rate of 4.0 percent.
  • Whites and blacks are losing jobs at the same rate. Asians and Hispanics are losing jobs at a much higher rate.
  • The poorer you are, the more likely you are to lose your job. Among those with no high school diploma, unemployment is up 1.1 points. Among college grads, unemployment is up only 0.6 points.

Keep in mind that these figures only go through mid-March, so they should be considered tentative. Next month’s report will include all ten million (or more) who have lost their jobs and will give us a much better idea of where job losses are concentrated.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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