Loss of Work and Income Insecurity by Race and Ethnicity

Examines differences in loss of income and employment by race and ethnicity to better understand how those in New Jersey are affected by the COVID-19 pandemic. This brief is the first in a new Heldrich Center research series titled, Wages and Wealth in the Context of COVID-19. The series explores the impact of the pandemic on New Jersey workers and households by different demographics.

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New research brief examines differences in loss of income and employment by race and ethnicity in New Jersey during the pandemic.

New Brief: Loss of Work and Income Insecurity by Race and Ethnicity

heldrich_robb — Wed, 28 Jul 2021 14:44:35 +0000

New Brief: Loss of Work and Income Insecurity by Race and Ethnicity

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July 29, 2021

heldrich_robb Wed, 07/28/2021 - 14:44

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Loss of Work and Income Insecurity by Race and Ethnicity

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English

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The COVID-19 pandemic has dramatically affected households across New Jersey. For several weeks in 2020, weekly Unemployment Insurance claims topped 100,000, and the unemployment rate jumped to 16.6%. Insecurity about a household member’s job translates into insecurity about paying for rent or mortgage, utilities, child care, education, and food for the entire household. A 2018 Heldrich Center for Workforce Development report highlighted how some households rely on wages as their primary source of income more than others. This dependency on wages over other sources of income leads to a greater financial shock and slower recovery for those who lose their jobs.

The Heldrich Center is launching a new research series titled, Wages and Wealth in the Context of COVID-19. The new series explores the impact of the pandemic on New Jersey workers and households by different demographics. The first brief in the series, Loss of Work and Income Insecurity by Race and Ethnicity, by Meghna Hari and Stephanie Holcomb, focuses on differences in loss of income and employment by race and ethnicity to better understand how those in New Jersey are affected by the COVID-19 pandemic.

Key findings in the brief include:

Non-white households in New Jersey are more dependent on wages as a source of income than white households.
The share of non-Hispanic Black and Hispanic households that experienced work loss is higher than the share of non-Hispanic white households reported to experience work loss.
A higher share of Hispanic and non-Hispanic Black households expected imminent loss of income as compared to non-Hispanic white households.

Meghna Hari is a Research Project Manager and Stephanie Holcomb is a Research Project Coordinator, both at the Heldrich Center.

Tagline

New research brief examines differences in loss of income and employment by race and ethnicity to better understand how those in New Jersey are affected by the COVID-19 pandemic.