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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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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