And here's why.
Perhaps one of the most glaring impacts of the COVID-19 pandemic is the unprecedented skyrocket in unemployment in the United States. In just a matter of three weeks, 16 million people have filed for unemployment. This means that approximately 10 percent of the entire U.S. workforce is now indefinitely unemployed. Of the first 700,000 jobs that were lost in the months of February and March here in the U.S.
Some of the first businesses that shut down, and the industries that are still most hit by the coronavirus pandemic closures, were hospitality, leisure, retail, professional and business services, and non-durable goods manufacturing. This makes sense. Restaurants and bars had to close to help flatten the curve. Hotels were forced to shut their doors with everyone hunkering down in their homes for social distancing, and so on.
The troubling amount of women laid off in the midst of the Covid-19 pandemic exposes just how significant the gender gap in the United States is. While the 2008 recession saw a larger number of men left jobless, the fact that restaurants, hotels, retail stores, beauty salons, dental offices, and other industries of the sort showcase why the percent of women filing for unemployment this time around is so staggering.
It’s important to note what kinds of people have lost their jobs and why that might be. The majority of the people laid off are those who are already vulnerable, or might have been experiencing fiscal insecurity to begin with. For example, women aged 16 to 19 are facing an unemployment rate of 14.3 percent, while the unemployment rate of women over the age of 20 is at just four percent.
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