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Job Losses During Pandemic Strain Black, Hispanic Women’s Personal Finances

The pandemic has taken a toll on many women’s finances. For some Black and Hispanic women, in particular, the financial pressure is intensifying.

More than 2.3 million women have left the labor force since February of last year, according to the National Women’s Law Center. Last month, the U.S. unemployment rate was 6.2{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}. For Black women and Latinas, it was over 8{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} compared with 5.2{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} for white women, according to the Bureau of Labor Statistics.

With President

Biden’s

relief package still yet to be passed, the additional $300 to weekly unemployment payments is set to expire on March 14.

The

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