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The unemployment rate in the US is above 20% for the lowest-paid workers, economy expert says
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The unemployment rate in the US is above 20% for the lowest-paid workers, economy expert says
Many Americans have been rendered jobless due to COVID-19 pandemic. However, it seems low-earning workers have been the hardest hit. Low-earning workers unemployment figures rise Unemployment for the lowest-paid workers in the US is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help for the economy. The figure indicates how uneven the recovery has seen since efforts to control the Covid-19 pandemic resulted in the biggest quarterly GDP drop since the Great Depression. “The damage from COVID-19 is concentrated among already challenged groups,” Brainard said in a speech Wednesday. “The K-shaped recovery remains highly uneven, with certain sectors and groups experiencing substantial hardship.” At a time when...