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Unemployment

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John Hope Bryant talks Operation Hope

The coronavirus pandemic has disproportionally affected minority communities, both in terms of confirmed COVID-19 cases and in the pandemic’s economic impact. About 36% of African American households report losing a job, taking a pay cut or both. That’s compared to 29% of white households. Operation Hope is a nonprofit providing financial literacy and empowerment to under-served communities and its founder and CEO, John Hope Bryant, has advised three U.S. presidents. He joins “CBS This Morning” to talk about his organization for our series, “Financial Fallout.”

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Tough times ahead for small business owners

Just over half of all American workers are employed by small businesses (companies with 500 or fewer employees), and according to the U.S. Chamber of Commerce, nearly a quarter of those small businesses could close permanently within two months without a financial lifeline. CBS News business analyst Jill Schlesinger talks to some small business owners who are trying to maintain their (and their employees') livelihoods in a time of tremendous uncertainty.

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Over 6 million file for unemployment

The Labor Department's newest weekly jobless claims report shows 6.6 million Americans applying for unemployment over the last week. The previous two weeks saw around 10 million U.S. workers filing, a grim record that reflects the coronavirus pandemic's massive weight on the economy. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to break down what the latest numbers mean for workers today and the future of the U.S. economy.

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