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Low-wage and minority workers were disproportionately hit by the pandemic’s economic pain, Fed study says

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Black, low-wage, and female workers bore the brunt of the pandemic’s hit to employment last spring, according to a Federal Reserve Bank of New York study published Tuesday.

Low-wage workers and minorities suffered the most acute economic pain at the start of the COVID-19 recession, the Fed researchers said. Indicators including the unemployment rate and proportion of remote workers reveal wide gaps between who kept their jobs in spring 2020 and who, along with more than 20 million Americans, suddenly found themselves without work.

Americans earning less than $30,000 were hit the hardest when the pandemic froze details ⇒

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