Yesterday, tens of thousands of workers across the U.S. walked off their jobs in support of the “Strike for Black Lives.” According to organizers, the strike was held to bring greater attention to issues like income inequality and systemic racism…
Retail sales plummeted during the coronavirus lockdown, which is bad news for more people than just business owners. This video shows how retailers drive economic growth by creating a ripple effect of sales across many different sectors. Discussion Questions: How…
During the first six months of 2020, U.S. stock markets went through their biggest quarter-to-quarter swing in more than 80 years. March saw share prices plummet as businesses across the country closed or altered their hours. Then an unprecedented round…
According to experts, the coronavirus pandemic has deepened economic inequality and expanded the racial wealth gap across the U.S. While the unemployment rate for white workers sits at 12.4 percent, the rate among black and Hispanic workers has gone up…
Back in April, we looked at how American dairy farmers were dumping thousands of gallons of milk due to drastic drops in demand from businesses and schools. This video illustrates how this problem has grown in the months since and…
Tens of millions of Americans have filed for unemployment during the coronavirus pandemic. This historically high number increased by another 1.5 million last week as many people continue to struggle to make ends meet. Although the gradual reopening of businesses…
A couple of weeks ago, we looked at how Airbnb hosts are struggling after the travel industry came to a standstill due to widespread stay-at-home orders. This video explains in greater detail why the once successful startup was so vulnerable to an…
With tens of millions of Americans currently out of work, the U.S. is experiencing an unemployment crisis on a scale not seen since the height of the Great Depression. This video looks at the devastating effects of rising joblessness while…
Last month, 20.5 million people lost their jobs, sending the unemployment rate skyrocketing to 14.7 percent. Economists predict that the actual jobless rate could be even worse when factoring in people who are out of work but not collecting unemployment benefits. Experts also expect that things will only get worse in May as job cuts spread to white-collar workers. “It’s devastating,” said Ryan Sweet of Moody’s Analytics. “There’s someone behind each of these numbers. It’s going to take years to recover from this. There’s a case to be made that a lot of these are temporary layoffs, so hopefully people can return to work quickly as we begin to reopen the economy — but there’s no guarantee in that.”
