Eric Morath
speaker
273 appearances
6 recordings
1 series
first heard Sep 2017
last heard Sep 2020
Eric Morath’s voice in public audio — every appearance, attributed to the second.
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Appearances
We saw that about 21 million jobs were lost in March and April.
And then so far in May and June, about 7.5 million were recovered, or about a third.
So even at that pace, it would take us into the end of the year to recover all the jobs.
But economists have warned that the recent job growth this spring is likely to slow substantially in the coming months.
So it certainly could take well into next year before we see all the jobs lost recovered.
Yeah, Hispanic workers were hit the hardest, and I think that represents the industries which Hispanic workers are overrepresented in, particularly places like hotels and restaurants.
Largely, those businesses were shut completely in parts of March and April, and so the job loss was strongest in that area.
As those businesses have been allowed to reopen, we've seen the strongest job growth also among Hispanic workers.
Black and Asian workers both saw pretty substantial job losses.
Black workers was the second worst of the four groups tracked by the Labor Department.
And then, you know, in the recovery, both groups have seen job growth at a much slower pace than for whites.
Yeah, white workers did lose a substantial number of jobs, but they lost jobs at the slowest pace among the four racial groups and have regained jobs at the second best pace following Hispanic workers.
Well, the group least likely to lose their job were the best educated workers.
Those workers were most likely to have jobs where they could transition to work remotely, work from home.
People that generally work in offices.
And then some highly educated workers, you know, you can think of doctors, you know, they were, you know, called to duty and therefore, you know, kept on the job during this crisis.
Yes, we saw that younger workers are the most likely, those younger than 24, to lose their jobs.
And I think that shows that they are most likely to work at jobs that require you to report in person.
Think about working at a mall or some other types of services.
And when they're not allowed to even show up to work, of course, they're more likely to lose their job than an office worker that might be able to transition their computer to their basement.
Showing 101–120 of 273 · page 6 of 14
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