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
Get your FREE copy of The Impact of Covid-19 on Asian American Employment in New York City sent to your inbox by completing the form at https://aafcovid19resourcecenter.org/unemployment-report/?mc_cid=6ffdf5cf0b&mc_eid=ddd4d683c8.
AABANY Member and immigration attorney Tsui Yee was recently quoted in an NPR story by Alina Selyukh entitled “Will Filing For Unemployment Hurt My Green Card? Legal Immigrants Are Afraid.”
As the coronavirus pandemic continues to spread and leave millions of people jobless, legal immigrants working and paying taxes in the US fear that applying for unemployment might jeopardize their immigration cases. Tsui noted that even though these individuals are eligible to collect unemployment, many chose not to out of fear that doing so will somehow trigger a red flag with immigration services.
To read the full story, click here.
Recent College Graduates Wait for Their Real Careers to Begin – NYTimes.com
Interesting article about unemployed and under-employed grads from classes of ‘06-’10 dubbed Generation Limbo. We may be seeing our own Generation Limbo in law today, with the contraction of the economy over the last few years. Of note is the following quote:
“What was the point of working so hard for 22 years if there was nothing out there?” said Ms. Morales, who is now a paralegal and plans on attending law school.
Someone tell Ms. Morales that the grass is not any greener on the law side of the fence.
A 27-year-old Yale graduate quoted at the end of the article, I think, has the right idea:
“You have to make opportunities happen for yourself, and I think a lot of my classmates weren’t thinking in that way,” he said. “It’s the equivalent of setting up your own lemonade stand.”
More and more of our young lawyers are hanging out their shingles at a very early point in their careers, which might be the way to go. We hope that they’re availing themselves to the mentors and other resources that may be out there to help them along in pursuing that road.
What do you think?