Unemployment claims offer only a partial picture of workforce dislocations resulting from COVID-19. Our analysis shows that more than twice as many workers are vulnerable to reduced hours, pay cuts, and temporary unpaid leave that are not captured in unemployment numbers. For more, please read the McKinsey Global Institute article “COVID-19 and jobs: Monitoring the US impact on people and places.”
- Low-income workers are disproportionately vulnerable, but the effects are spreading to higher income brackets
- Minorities are more likely to hold vulnerable jobs, especially in large cities
- Women have sustained a majority of the initial job losses, but that may change going forward
- Younger workers are 35 percent more likely to hold a vulnerable job
