It was previously reported that Americans who lost their jobs due to the economic crisis have begun seeking employment in sectors not considered prestigious - retail, restaurant business, and customer service. Moreover, many unemployed are willing to accept jobs with lower wages than they earned before being laid off.
According to the US Department of Labor, Latinos and African Americans in the US lose jobs more often than others. As reported by Lenta.ru, since the start of the recession in the US economy in December 2007, the unemployment rate among Latinos rose by 4.7% to 10.9%, and among African Americans by 4.5% to 13.4%. Among whites, this figure increased by 2.9% to 7.3%.
As a result of the crisis, economies of many countries around the world are losing jobs. There has been a sharp decline in demand for the products of many companies, export volumes, and a slowdown in economic growth. Consequently, companies have begun resorting to staff layoffs to reduce costs.