How the Current Economic Crisis is affecting the Most Vulnerable in the Labor Market
Between February and May, the U.S. labor market lost nearly 20 million jobs. This unprecedented decline in economic activity was fueled by the many stay-at-home directives imposed in response to the Covid-19 pandemic. As of May, the unemployment rate stood at 13.3%, a sharp increase from its 3.5% rate in February and, despite a decline…