As the economy tries to rebound, companies are adding workers to their team, yet a group is being picked last—Black workers. This isn't the first time, either. When the Great Recession began, Black workers' unemployment rate increased to double digits and remained that high for more than six years. In comparison, the unemployment rate among white workers never reached double digits during the Great Recession or its recovery. It took more than 10 years for Black workers' incomes to return to their pre-recession levels.
Subscriber Account active since. The coronavirus pandemic, and the history-making rise in unemployment, has impacted millions of Americans. But among the worst hit by the economic fallout are black women, according to data from Facebook COO Sheryl Sandberg's nonprofit, Lean In , which is backed up by a new study from left-leaning think tank Economic Policy Institute. Lean In's survey of more than 2, people found that black women are twice as likely as white men to say that they'd either been laid off, furloughed, or had their hours or pay reduced because of the coronavirus pandemic. In its analysis of data from the Bureau of Labor Statistics, EPI determined that the unemployment rate for black women in April was Even looking at the percentage of a demographic currently employed which helps account for people who aren't actively looking for work , EPI found that black women are employed at the lowest rate and saw the steepest dropoff from February to April. As Sheryl Sandberg told Business Insider in a recent interview, the pandemic is exposing and exacerbating inequality that already exists.
New numbers reveal how risk associated with the virus is playing out for different demographic groups. She was working at an early childhood education center with about 10 toddlers before she was laid off due to COVID According to Thomas, the current economic shock has been exacerbated by inequality present before the pandemic. Thomas says those lower wages translate to less savings, which means less of a safety net when women are faced with an unexpected job loss of an unknown duration.
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