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The COVID-19 pandemic has resulted in a record rate of job loss for Asian New Yorkers, with unemployment benefit applications increasing by more than 6000% from February to June of 2020.
At 1.3 million people, Asian Americans are over 16% of the population in New York City and are growing faster than all other demographics in the City.
In February 2020, Asian Americans in New York City had a jobless rate of 3.4% — however, Asian American unemployment soared to 25.6% by May 2020, the largest increase among all major racial groups.
AAF’s latest report:
- Brings you the key demographic data for decision-makers on how different ethnicities within the Asian American community such as Bengali, Chinese, Korean, and so on, were impacted by job losses
- Identifies the specific industries that Asian American New Yorkers depend on for work
- Reveals the industries that lost the greatest amount of jobs due to the pandemic
- Shares recommendations for private and public leaders to help Asian Americans during the COVID-19 recovery
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