News Report | July 13, 2020
Homelessness Projected To Rise 45% By The End Of 2020 Due To COVID-19 Unemployment
Unemployment is projected to increase homelessness by up to 45%, from 568,000 as of January 2020 to more than 800,000 people by the end of 2020, due to the coronavirus disease 2019 (COVID-19) public health emergency. The projection is based on the historic data trend indicating that for every percentage point increase in the unemployment rate, the rate of homelessness per 10,000 people increases by 0.65%.
Before the COVID-19 public health emergency began in mid-March 2020, the national unemployment rate in February was 3.5%. The Bureau of Labor Statistics reported that the . . .