Half Of Young People Say They've Lost Work As A Result Of The Coronavirus Crisis

Young people across the United States are losing their jobs now, because of the coronavirus and the resulting economic instability that has rocked the nation. As a whole, 22 million American residents have filed for unemployment since President Donald Trump declared a national emergency, the Washington Post reported.


This marks the biggest collection of job losses since the Excellent Depression, an impressive economic reality that has forced young people — several of whom are making their way into the workforce right now or came into the workforce throughout the 2008 financial crisis — to reconsider their livelihoods. Residents of the
U.S. Have lost jobs in the restaurant, hotel, health and fitness center, manufacturing, warehousing, transportation, and travel industries, as corporations shut off across the country. Several of these industries are fueled by young workers.


While the unemployment filings information for April isn't damaged down by age, a YouGov/MTV News poll found that about half of millennials and Gen X mention that they have lost some sort of revenue, whether that is a full-time job, a part-time job, or a freelance gig, since the coronavirus outbreak began. And they’re not as confident as their older counterparts that they’ll have the ability to pay for health care for the next six months, a desperately needed protection while in a pandemic, the poll showed.


This comes right after a Axios-Harris survey from March 30 showed that 31 percent of respondents between 18–34 had either been laid off or put on short-term leave due to the outbreak, compared with 22 percent of these 35–49 and 15 percent of these 50–64. A YouGov/Economist poll taken between March 29 and March 31 showed that Residents of the United States between 18–29 are more likely than older Residents of the United States to be very worried about losing their job. About 1 in 5 Residents of the
U.S. Under 30 are very worried, 32 percent are somewhat worried, and around half are not very worried. Millennials stood to create 20 percent less than baby boomers did at the same stage in life before the coronavirus pandemic decimated the work landscape in the U.S.


One of the reasons these numbers have skyrocketed is due to political leaders requiring that all non-essential workers work from residence in a try to slow the spread of the coronavirus. Several economists mention the variety of these who are unemployed is even higher than the announced intelligence, which are not inclusive of Residents of the
U.S. Who haven’t however been able to file claims or who have lost jobs that were freelance or project-based, thereby making them ineligible for several unemployment advantages, the New York Times reports.


Although even if young people can’t apply for customary unemployment advantages, several are eligible for a government check of up to $1,2000, offered by the recently passed $2 trillion CARES Act stimulus package, which may have the ability to help them in the upcoming weeks. The added advantages from the CARES Act likely won’t be enough to carry people via entirety of this global pandemic, though, which has resulted in several people, including Senator Elizabeth Warren (D-MA) and Representative Ro Khanna (D-CA) hoping the government will take even more steps to make sure people have what they need.