A coronavirus-led recession could hit jobs for young people and minorities hardest

Millions of people in the US are likely to lose their jobs during the next few months, but the pain won’t be spread out evenly. People of color and younger workers are the most at risk of becoming unemployed.

As swaths of the US economy are shut down to stop the spread of the new coronavirus, Federal Reserve Bank of St. Louis president James Bullard predicts the unemployment rate could hit 30% in the the next few months before economic activity bounces back later in the year. READ MORE AT QUARTZ

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