Covid-19 has upended Americans' lives — and things are getting worse. Over half of US adults live in households that have lost income from jobs. That share, based on a Census Bureau survey conducted July 16 to July 21, has crept upward in recent weeks.
The most startling statistic: More than half of US adults live in households that have lost income from jobs.That share, based on the latest Census Bureau survey conducted from July 16 to July 21, has crept upward in recent weeks. At the same time, the number of Americans who say they haven't worked in the past week also climbed, before declining somewhat in the most recent survey, the last scheduled to be released.
The recent surge in cases is likely to mean even more layoffs and hardship, especially when combined with the shaky finances of larger companies, several of which have recently announced bankruptcies, store closings, sweeping job cuts or massive potential downsizings.Meanwhile, the number of Americans filing first-time unemployment claims has risen for the past two weeks.
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