HomeCoronavirus: 18% of U.S. workers have lost jobs or hours, poll findsBusinessCoronavirus: 18% of U.S. workers have lost jobs or hours, poll finds

Coronavirus: 18% of U.S. workers have lost jobs or hours, poll finds

As fallout from the coronavirus pandemic hits the economy, it’s slamming the American workforce: Some 18% of adults reported that they had been laid off or that their work hours had been cut, a new poll found.

The proportion affected grew for lower-income households, with 25% of those making less than $50,000 a year reporting that they had been let go or had their hours reduced, according to a survey released Tuesday by NPR, PBS NewsHour and Marist of 835 working adults in the contiguous United States.

The poll was conducted Friday and Saturday, just after stocks began their steep plunge and normal life started grinding to a halt, with schools and places of worship closing, concerts and conferences being canceled and sports leagues suspending their seasons.

The same poll found that about 56% of Americans considered the coronavirus outbreak a “real threat,” while 38% said it was “blown out of proportion.”

In recent days, state and local officials have banned large gatherings and ordered bars and theaters to close in an effort to slow the spread of the virus.

Ski resorts have shut, as have Disneyland and Universal Studios theme parks. With the outbreak prompting new travel restrictions, airlines, cruise lines and other travel businesses braced for losses, anticipating layoffs, furloughs or voluntary buyouts. A trade group representing U.S. airlines called on the federal government to provide at least $58 billion in grants, loans and tax breaks to respond to the “staggering” economic blow.

L.A. Mayor Eric Garcetti and California Gov. Gavin Newsom ordered restaurants to halt dine-in service. Those unable to adapt quickly may end up closed permanently, so the L.A. dining landscape could look dramatically different in a few months.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 PaydaySmile.com . All Rights Reserved.