Workers in certain sectors of the economy benefit more from the $600 weekly unemployment supplement than others.
The enhancement is set to expire on July 31.The aim of the weekly enhancement is to replace 100% of wages for the average worker.
That means the $600-a-week supplement would benefit workers in jobs and industries with lower average hourly pay.The industry, which includes hotel and restaurant workers, pays the lowest hourly wage of any industry — $13.45 an hour, or about $28,000 a year,It's also the fourth-largest industry by number of workers, employing more than 14 million people. It's been the hardest-hit by the pandemic relative to job loss.
The $600-a-week unemployment enhancement would replace 182% of wages for the typical full-time worker in accommodation and food services, according to a CNBC analysis of U.S. Department of Labor wage and unemployment data. In other words, the $13.45 hourly wage would become $24.50 an hour. That's the largest relative jump among any other industry.With nearly 16 million workers, it's the country's third-largest industry and includes retail operations like book stores, pharmacies, clothing stores, florists and department stores.
The average retail worker makes $16.77 an hour, or about $35,000 a year — the third-smallest wage compared with other industries. This worker would replace 146% of prior salary while unemployed.
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