Small businesses and unemployed Americans on the brink

New numbers show the economic downturn continues to hit people in minority communities the hardest.
2:06 | 08/08/20

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Transcript for Small businesses and unemployed Americans on the brink
negotiations has real consequences for millions of Americans desperate for a life line. New numbers show the economic downturn continues to hit communities of color the hardest. Deidre Bolton is in times square with a look at how many are struggling to get by. Good morning. Reporter: Good morning, whit. Well, more than a third of the American workforce has filed for unemployment benefits since the lockdown began 20 weeks ago. African-Americans and women are getting hit the hardest. This morning as pandemic relief talks collapse, the road ahead for America's economy will be bumpy. While the unemployment rate dropped to 10.2%, better than forecast, it is still at levels not seen since the great recession. Many families who depend on unemployment assistance are struggling. That extra $600 has been a life line for us to keep a roof over our heads, keep food on the table. Reporter: That $600 per week support is gone. It expired last week. As Americans line up relying on food banks to get by, both the virus and the economic impact are disproportionately affecting some Americans. $600 is important to a lot of households, especially my household that cannot go back to work. Reporter: The gap between white Americans and joblessness hit a pandemic high in July, a difference of 5.4%. Women are suffering greater job losses than men. We cannot work. It's no fault of our own. Reporter: Individuals are getting squeezed and small businesses too. The paycheck protection program better known as ppe is expiring today. Economists say if there's not another round of support for small businesses, more Americans will lose their jobs. Small companies have fewer than 500 employees by definition, but they contributed to close to two-thirds of net employment gains in the U.S. In the last decade according to the small business administration. Eva? Thank you.

This transcript has been automatically generated and may not be 100% accurate.

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