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Reports says workers accounting for ‘new’ unemployment claims have already lost jobs in pandemic

A new report from economists at the University of Chicago and J.P Morgan Chase found that around two-thirds of workers who are accounting for ‘new claims’ for unemployment had received jobless benefits at some point during 2020.

It exposes an ugly reality about the pandemic: Certain job sectors are more likely than others to be impacted by the negative consequences of limited operation, or a lack of consumer confidence.

Researchers found that two-thirds of workers who started getting jobless benefits in October had collected them earlier in the pandemic.

One possible scenario: Restaurants workers going down a rollercoaster of closures and openings as the pandemic moved through waves in 2020.

Categories: News