The coronavirus pandemic is causing financial stress and anxiety for many Americans, yet it is people of color who are feeling it the most, according to an analysis of the American Staffing Association’s latest survey on the workforce.

“The pandemic has disproportionately affected lower-income groups, especially those in occupations that do not lend themselves to remote work,” said the group’s CEO, Richard Wahlquist.

Hispanics/Latinos and Blacks are more worried than whites about their employment situation, such as finding a new job, having the necessary skills to land a job, the need to transition to a new career or role, and losing a job.

They are also disproportionately concerned about their financial situation, including paying for housing, student-loan debt and child care.

For instance, 65 percent of Hispanics/Latinos and 58 percent of Blacks are worried about being able to pay their rent or mortgage, the analysis found. Of those who identify as white, 44 percent said they are concerned. Additionally, 53 percent of Blacks and 51 percent of Latinos/Hispanics are concerned about paying for child care, compared to 34 percent of whites.

When it comes to work-related concerns, finding a job topped the list for Hispanic/Latinos, at 58 percent, compared to Blacks at 54 percent and whites at 45 percent. Needing new skills to land a new job was the biggest worry for Blacks, at 56 percent. Sixty-two percent of Hispanics and 44 percent of whites were concerned.

The survey of 2,065 U.S. adults aged 18 and older was conducted online by The Harris Poll June 16-18, 2020. Results were weighted on age, gender, education, race/ethnicity, household income and size, marital status and geographic region when necessary to align with the proportions of the U.S. population. They were also adjusted for differences between online and offline populations.

“While our data doesn’t illuminate the drivers, it’s clear that demographic data from [the U.S. Bureau of Labor Statistics] and Census underscore long standing disparities in income, education and occupational attainment based on race,” Wahlquist.

September’s unemployment numbers bear that out. While the overall unemployment rate was 7.9 percent, whites had a 7 percent rate, Blacks were at 12.1 percent and Hispanics had a 10.3 percent unemployment rate.

Source : NBC NEWS

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