50% of U.S. adults who lost jobs due to COVID were still unemployed in August: Study

By 1010 WINS

NEW YORK (1010 WINS) -- Fifty percent of adults in the U.S. who lost their jobs due to the COVID-19 were still unemployed last month, a new study found. 

The Pew Research Center surveyed 13,200 adults in the U.S. about their financial situations in August. Twenty-five percent of those surveyed said they or someone else in their household lost a job after COVID-19 hit the U.S., a report released Thursday said. 

Of those who lost their jobs, half said they were still unemployed, the report said. A third returned to their old jobs, and 15 percent started different jobs, according to the report. 

“Lower-income adults who were laid off due to the coronavirus are less likely to be working now than middle- and upper-income adults who lost their jobs (43% vs. 58%),” the report noted. 

“Adults 18 to 29 are less likely than those 30 to 64 to have returned to their previous job,” it added. 

The report also found that “one-in-four adults have had trouble paying their bills since the coronavirus outbreak started, a third have dipped into savings or retirement accounts to make ends meet, and about one-in-six have borrowed money from friends or family or gotten food from a food bank.” 

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