Early coronavirus job losses hitting minorities, women, teens particularly hard

The pandemic has so far resulted in 701,000 lost jobs according to the March jobs report. And that doesn’t even include the nearly 10 million people who filed for jobless benefits in the last two weeks. While the unemployment rate increased to 4.4% from 3.5% in the official report, the last two weeks of unemployment benefit filings suggest that the true rate is probably about 18.3% for adults, according to William Rodgers, chief economist at the Heldrich Center for Workforce Development at Rutgers University, and the numbers are even worse for minorities and teen workers.

CNN Business, April 4, 2020