Your Daily Roundup for May 8th
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Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates:
The unemployment rate has hit nearly 15%
At a staggering 14.7% of Americans unemployed, the U.S. has hit the worst rate since the Great Depression.
The drop is astounding when considering that the unemployment rate was only 3.5% this February -- a rapid and broad decline that is devastating the country.
Source: New York Times
20.5 million Americans lost their jobs in April:
The Labor Department statistics out today show that 20.5 million Americans lost their jobs last month -- greatly exceeding the 8.7 million lost in the 2009 recession. Unemployment hit its highest point at 10% 11 years ago.
Experts say that the reports only underreport the real totals.
The unemployment rate was especially devastating for Black and Latinx Americans:
The unemployment rate for black Americans climbed to 16.7% and to 18.9% among Hispanic or Latino workers. This comes after historic gains made in employment rates over the past several years.
Your Daily Round Up for February 28thGood afternoon. Here are the latest news and updates that our team at Future Majority is tracking. Another Saturday, another
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