As laid-off workers wait for unemployment checks and the promised relief from the stimulus bill passed by Congress, many are barely scratching out an existence. They’re dipping into the last of their savings and counting on the patchwork of orders barring evictions of coronavirus-impacted families while facing the reality that these stay-at-home orders could last for another month or longer. The country lost 701,000 jobs in March, the Bureau of Labor Statistics reported on Friday. But the March jobs report does not capture the soaring jobless claims data from the past two weeks.
The cataclysmic effect of layoffs in the hospitality and tourism industries is especially pronounced in California, where a new Department of Labor report shows that 878,727 people filed for unemployment last week.
A mid-March study for the American Hotel & Lodging Association by Oxford Economics predicted that California would have more hotel-related job losses (414,069) than any other state, followed by Florida, Texas and New York. (Overall, the American Hotel & Lodging Association estimates that as many as 44% of hotel employees have or will lose their jobs as a result of the coronavirus pandemic).