“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 among Black and Hispanic workers has significantly exceeded the national average throughout the pandemic.” – The WSJ
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Sources:
The U.S. Bureau of Labor Statistics
National Bureau of Economic Research | NBER
Job Losses in 2020 Were Worst Since 1939, With Hispanics, Blacks, Teenagers Among Hardest Hit | The Wall Street Journal – January 8, 2021
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