Around 57 million Americans are now estimated to be job vulnerable because of the novel coronavirus crisis, with minorities affected most severely, according to a report by McKinsey Global Institute.
The staggering figure was part of a McKinsey report in April called"COVID-19 and jobs: Monitoring the US impact on people and places." For context, approximately the same number of jobs -- 59 million -- are at risk in all European Union countries, the United Kingdom and Switzerland combined.
Job vulnerability was described as permanent layoffs, furloughs or significant drops in hours and pay. Many businesses have been forced to close during the pandemic, resulting in more than 30 million Americans applying for unemployment in the last six weeks. A man walks past an empty luxury shop in the tourist district of Waikiki as many businesses have temporarily closed across Hawaii due to the coronavirus disease, in Honolulu, April 28, 2020.The numbers also disproportionately affect certain demographics. Hispanic and black people were the two racial groups most likely to have vulnerable jobs in the country,In one example, Ellingrud noted how"minorities make up about 20% of the workforce but 25% of the newly unemployed.
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