The poorest Americans are being hit the hardest by coronavirus-induced job losses, Fed survey shows

The poorest Americans are being hit the hardest by coronavirus-induced job losses, Fed survey shows

Business Insider

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· Nearly 40% of people working in February with a household income below $40,000 reported that they'd lost a job in March, the survey released Thursday showed.
· Another 6% had hours reduced or took unpaid leave during the month. In total, 19% of all adults reported losing a job, having hours reduced, or taking unpaid leave in...

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