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1-In-3 Americans Have Suffered A Layoff, Job Loss, Cut In Hours

layoff

Nearly one in three Americans have experienced a temporary layoff, permanent job loss, reduction in hours, or reduction of income as a result of the coronavirus situation. Eighteen percent have experienced more than one of these disruptions.

Looking at these events separately, 10% of Americans report they have been temporarily laid off from work as a result of the coronavirus, and an additional 2% say that the situation has caused them to permanently lose their job. More common than loss of employment are reductions in hours (15%) and loss of income (26%).

 

Read Original Article at zerohedge.com

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All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice.

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