By Dana Sanchez
Through the fall, winter and into the new year, U.S. jobless benefits claims have been about four times higher than before the pandemic, according to the Department of Labor’s first jobless report of 2021.
About 20.4 million people are still receiving some form of unemployment benefits, AP reported.
Delayed economic relief and a mismanaged public health crisis are pushing the economy into a double-dip recession, according to the Center for American Progress policy institute.
Lower-wage workers at restaurants, hotels, malls and retail establishments have been particularly hard hit, Wall Street Journal reported.
Scott Brown, chief economist at Raymond James, said the job losses were concentrated in lower-paying service industries, “but those workers aren’t typically big spenders.” The top 20 percent of income earners account for more than half of consumer spending, Brown said.
Black workers bear the hardship for the ineffectual government response, Center for American Progress Economist Michael Madowitz said in a statement.
African American workers saw employment declines in December, while employment among white Click here to read entire article