MESSAGE
| DATE | 2021-01-11 |
| FROM | Ruben Safir
|
| SUBJECT | Subject: [Hangout - NYLXS] The genuine depths of the COVID-19 Response: The
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wsj.com
Job Losses in 2020 Were Worst Since 1939, With Hispanics, Blacks,
Teenagers Among Hardest Hit
Sarah Chaney Cambon and Danny Dougherty
3-4 minutes
December capped the worst year for U.S. job losses in records tracing
back to 1939, with Hispanics, Blacks, teenagers and high-school dropouts
hit particularly hard.
In 2020, the economy shed a net 9.37 million jobs, exceeding the 5.05
million jobs lost in 2009, in the aftermath of the global financial crisis.
Hardest hit last year were hotels, restaurants and related industries,
driving up unemployment among minorities, the young and less educated
workers—groups already disproportionately hit by the economic effects of
the coronavirus.
Unemployment rates among those groups shot up in April, after the
pandemic hit, and then started to decline. Then, cold December weather
triggered another big increase in joblessness.
December’s 140,000 drop in payrolls was the first since April. But
unlike in April, December’s job losses were concentrated in the leisure
and hospitality industries, said Julia Pollak, a labor economist at job
site ZipRecruiter.
“It’s a slightly different situation where the pain is far more
concentrated among those teenage workers and minorities in restaurants
and bars and other face-to-face service industries,” Ms. Pollak said.
Unemployment among Black and Hispanic workers has significantly exceeded
the national average throughout the pandemic. In December, the rate for
Hispanics rose to 9.3% from 8.4% a month earlier. Hispanics accounted
for about 18% of all workers and 28% of food-preparation workers in 2019.
The jobless rate for Black workers ticked down last month but remained
higher than it was for any other racial group. Before the coronavirus
hit, the Black unemployment rate, at 6% in February 2020, was near the
lowest since records began. It nearly tripled to 16.7% in May, as many
African-Americans were more likely to work in jobs that can’t be done
remotely.
A surge in coronavirus cases across the country triggered 372,000 job
cuts at restaurants and bars in December as many states and localities
tightened restrictions. That also hurt job prospects for teenagers,
since restaurant roles are “sort of a natural home for young workers,”
Ms. Pollak said. “It’s their first rung on the ladder really into
employment.”
In December, unemployment increased among Americans with less than a
high-school diploma, many of whom likely work in leisure and hospitality
jobs. Workers with less education saw higher levels of unemployment
throughout the pandemic, after experiencing low unemployment through the
beginning of 2020.
Winter restaurant closures also helped drive the increase in temporary
layoffs. About 3 million Americans last month said their layoff was
temporary, up from 2.8 million in November. Meanwhile, the number
considering their layoff to be permanent fell.
Appeared in the January 9, 2021, print edition as 'Job Losses in 2020
Worst Since 1939.'
--
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