ATLANTA, GA: The U.S. jobs report released this morning revealed America’s worst unemployment figure since the Great Depression. The reality, though, is actually much worse, as tens of millions of struggling Americans are not accounted for by the report.
Sarah Riggs Amico, businesswoman and candidate for U.S. Senate, released the following statement in response:
“Today’s jobs report is the worst Americans have seen in nearly a century. More than 33 million Americans have lost their jobs in the last seven weeks, and unemployment has soared to 14.7%. Yet even these numbers do not show the full struggle Americans are experiencing. They do not account for the 10.9 million workers whose hours have been reduced, the 2.3 million who did not look for work in April, or workers across the nation who have reported being unable to file initial unemployment claims.
Today’s report exposes — yet again — a deep, structural inequity in America’s economy along lines of race and class. Time and again, this economic crisis has spotlighted the racial inequity of Americans’ access to economic opportunity and security. Black and Hispanic unemployment far exceeds the national figure, at 16.7% and 18.9% respectively, and more than 90% of minority-owned businesses were shut out of the first round of Payroll Protection Program relief funds. As a U.S. Senator, I will work tirelessly to correct the institutional barriers to economic security that exist by race, class and gender.
We must not go back to the same, failed systems that have left too many communities shut out of the American Dream. We must move forward together to expand opportunity to all Americans.”