Year on year, the unemployment rate among Asian Americans in NYC spiked 6,900% in May
The Asian American Federation’s recent report showed that at Asian Americans in NYC had an employment rate of 3.4% in February. By may, the rate surged to 25.6%, which was the highest increase among all major racial groups.
Year on year, the unemployment rate among Asian Americans in NYC spiked 6,900% in May.
Howard Shih, research and policy director for the Asian American Federation, said the results “point to the precariousness of many Asian low-income workers and the vulnerability revealed by the Covid shutdown.”
According to the study, Asian Americans filed for unemployment claims at a rate 2x to 5x faster between April and May compared to statewide claims.
Working class industries including laundry services and apparel manufacturing made up 20% of job losses.
F&B workers were also heavily hit due to pandemic restrictions. Prior to the pandemic, 1 in 10 Asian Americans were employed in New York’s F&B industry, which lost over 10% of its jobs.
Over 10,000 Asian Americans worked in the hospitality sector, which also saw a loss of 10% employment.
However, Filipino Americans managed to avoid many of the economic losses suffered by others but were more vulnerable to the disease itself due to their front-line occupations.
“With Filipino American workers being overrepresented in the health care industry relative to their share of the population, the community experienced a greater risk of exposure to the virus than the general population,” the report said.
In recent news, a 73-year-old Asian grandmother was shoved onto the subway tracks in Brooklyn.