Christopher Low, chief economist at FHN Financial, says low-wage workers are suffering the bulk of job losses — the opposite of what happened in 2008.
The Marketplace-Edison Research Poll shows they’re more confident they’ll find new jobs within six months than older workers.
For most Americans, losing work means losing health insurance. And the uninsured are 75% less likely to see a doctor if they need to, one expert says.
It’s another week of evidence that layoffs remain a hindrance to the economy’s recovery.
The federal government is funding 13 additional weeks of unemployment benefits after state payments run out, but getting them can take extra effort.
The latest results of the Marketplace-Edison poll don’t indicate much optimism among Americans after months of protests and pandemic shutdowns.
And what happens when the PEUC program expires at the end of the year?
In parts of the South Bronx, the unemployment rate was estimated to be nearly 30% in August. Nationwide, it’s a little less than 8%.
The official unemployment rate only tells part of the story.
Many furloughed workers are hoping to return to their old jobs.