The Washington Post reports that the number of working Latino business owners dropped 32 percent from February to April, while the number of Asian business owners decreased by about a quarter.
Immigrant business owners were also deeply affected, with their numbers shrinking by 36 percent, according to the data from monthly nationally representative surveys by the Census Bureau and the Bureau of Labor Statistics.
One reason for the uneven toll, according to Fairlie’s analysis: Minority-owned businesses tend to occupy parts of the economy most shaken by the coronavirus and the shutdown orders states have embraced to combat it. High shares of African American-owned ventures, for example, are in industries such as beauty salons, taxi services and day-care centers that have had to close or have faced precipitous drops in demand.
Noticias de LETI
☰
Minority business income, ownership crashing in wake of Covid-19
Categories
Recent Posts
- Spanish Cooking Classes 2024 - Verdant Health Commission
- Medicaid 101 Class
- Community Transit Zero Emissions
- Restoration for All (R4A) Program Kick Off
- Sno-Isle Resources | Recursos de Sno-Isle
- Washington State University is Recruiting for a Memory And Aging Research Progra
- CareerWork$ Medical Classes Starting
- Tax Preparation Sites and Working Families Tax Credit
- Community Transit March Service Change
- Passion to Help the Community
- International Women's Day Recap
- Workshop on Using the Compass Platform
- LLI 2nd Immersion Seminar 2024
- Community college bachelor’s degree programs positively affect Latino community
- Child Care Choice Voucher Program
Sponsored by