Please ensure Javascript is enabled for purposes of website accessibility
The Unemployment Rate Is Above 20% for the Lowest-Paid Workers, Fed’s Brainard Says
News
By News
Published 4 years ago on
January 14, 2021

Share

[aggregation-styles]

Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help for the economy.

The figure indicates how uneven the recovery has seen since efforts to control the Covid-19 pandemic resulted in the biggest quarterly GDP drop since the Great Depression.

“The damage from COVID-19 is concentrated among already challenged groups,” Brainard said in a speech Wednesday. “The K-shaped recovery remains highly uneven, with certain sectors and groups experiencing substantial hardship.”

Read More →

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

9 of a Doctor’s 10 Children Are Killed in Israel’s Latest Strikes in Gaza

21 hours ago

Daisy Can’t See or Hear, but She Knows How to Love

1 day ago

Clovis Memorial Run Brings the Community Together, Supports Senior Programs

The annual Clovis Memorial Run brought runners and walkers to the new Clovis Senior Activity Center on May 24, featuring multiple races that...

15 hours ago

15 hours ago

Clovis Memorial Run Brings the Community Together, Supports Senior Programs

20 hours ago

Attorney Error Lowers Fees in Fresno Measure P Case

20 hours ago

Trump Gives Commencement Address at West Point, Stressing a New Era

21 hours ago

9 of a Doctor’s 10 Children Are Killed in Israel’s Latest Strikes in Gaza

Blind and deaf, Daisy is a gentle senior pup who has blossomed in foster care and is now searching for a loving home. (Mell's Mutts)
1 day ago

Daisy Can’t See or Hear, but She Knows How to Love

1 day ago

How to Travel Without a Phone

1 day ago

Chukchansi Casino Hosts Job Fair to Fill 80 Food and Beverage Positions

California Wealth and Poverty
1 day ago

California’s High Living Costs and Rampant Poverty Sharpen Its Economic Divide

Help continue the work that gets you the news that matters most.

Search

Send this to a friend