40% of low-income Americans lost their jobs due to the pandemic
Thursday, May 14, 2020 | Tag Cloud Tags: coronavirus, Economy, Federal Reserve, News, virus, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Nearly 40% of lower-income Americans lost work as the coronavirus pandemic began its assault on the U.S. economy, according to the Federal Reserve.
One in 5 adults who were working in February reported being laid off or furloughed in March or early April, according to a Fed report published Thursday. (A furlough is a temporary layoff.)
However, the economic downturn disproportionately affected lower-income Americans. [ Source: Fox News (Read More…) ]
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