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Most Americans Are Feeling the Effect of Covid-19 on Their Job Status

Our weekly survey finds nearly 60% of Americans have lost hours or pay, been laid off, or closed a business in response to the pandemic.

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Most Americans Are Feeling the Effect of Covid-19 on Their Job Status
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American workers are seeing and feeling the sweeping consequences of the coronavirus outbreak on the US economy.

The weekly Bain/Dynata survey of US consumers find that 31% of respondents have seen their income or hours reduced, 18% have been temporarily or permanently laid off, and 10% have temporarily or permanently closed their business.

On the other end of the spectrum, 6% of respondents have seen their hours or income increase. About one-third of all respondents—35%—said the outbreak hasn't affected their employment or income.

Karen Harris is managing director of Bain & Company's Macro Trends Group and is based in the firm's New York office. 

Dynata provides first-party data for the Bain Consumer Health Index and provides a nationally representative sample of US adults (weekly) that constitutes the underlying data for this analysis.

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Americans’ Concern over Coronavirus Grows Even Higher

Our weekly survey of US consumers finds that 91% now fear financial harm and 87% worry about the health effects of the pandemic.

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Covid-19 Hits the Livelihoods of Older, Younger and Middle-Income Americans Hardest

US workers under 30 and over 64 have felt the economic impact of Covid-19 the most, including layoffs and reduced hours or income.

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As the global pandemic deepens and the human cost of Covid-19 rises, the novel coronavirus outbreak is sending shocks through the world economy. But across industries, companies can take action now to protect their employees and customers and minimize the economic damage.

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