The Unemployment Rate Is Above 20% for the Lowest-Paid Workers, Fed’s Brainard Says
Share
[aggregation-styles]
CNBC
CNBC
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.”
By Jeff Cox | 13 Jan 2021
RELATED TOPICS:
Fresno County Ending ‘Squaw Valley’ Fight After Latest Court Ruling
Courts /
19 hours ago
Gov. Newsom Offers $50K Reward in 2022 Kings County Homicide
Local /
20 hours ago
Fresno ‘Powers Up’ the Nation’s Largest Combined Solar and Battery Storage Project
Local /
21 hours ago
Trump Admin Asserts COVID-19 Originated in Chinese Lab, Targets Fauci
Politics /
22 hours ago
Vendors Back at Fresno’s Art Hop? Survey Wants to Know What You Think
Events /
22 hours ago
Fresno County Pushes Valley to Highest Rates of Domestic Violence Calls in CA
Across most of the San Joaquin Valley, calls to law enforcement to report domestic violence have remained steady — or even gone down — in re...
Crime /
18 minutes ago
Categories

Latest
Videos

Crime /
18 minutes ago
Fresno County Pushes Valley to Highest Rates of Domestic Violence Calls in CA

LA Rams /
38 minutes ago
LA Rams Can Bolster a Contending Roster With Another Strong Showing in NFL Draft

Animals /
53 minutes ago
Mijo Proves Love Is Blind and That One Eye Is More Than Enough

Courts /
19 hours ago
Fresno County Ending ‘Squaw Valley’ Fight After Latest Court Ruling

Local /
21 hours ago