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Data: Morning Consult/Axios Inequality Index; Chart: Axios Visuals

Vaccine rates are increasing and COVID-19 cases are declining, which is opening up businesses and driving job growth that looks broad, making inequality in actual job losses relatively low, according to the Morning Consult/Axios Inequality Index.

What it means: This data is based on whether or not survey respondents have lost pay or income in the past four weeks, rather than whether they are worried about losing it. This is also represented as standard deviations.

By the numbers: With a reading of 1.7, the employment outcomes metric is the lowest of all four index components.

What we're hearing: "While the employment outcomes graph looks a bit flat, it did fall pretty notably over the past few months," Morning Consult chief economist John Leer says in an email.

Between the lines: "That dataset is looking at the share of people who have lost pay or income, so if you've lost your job once and are still looking for work, you are unlikely to be counted as losing your job again," he adds.

  • "This explains why it looks a bit flat compared to financial vulnerability, a factor that can fluctuate more dramatically."

Go deeper

May 25, 2021 - Health

Children and teens are next in line for COVID vaccine

Illustration: Aïda Amer/Axios

Half of U.S. adults are now fully vaccinated, less than six months after Pfizer got the first emergency authorization for a COVID-19 vaccine.

By the numbers: More than 287 million doses have been administered in the U.S.

May 25, 2021 - World

Dozens of countries face severe oxygen shortages due to COVID surges

Workers upload oxygen cylinders at a hospital in Lalitpur, Nepal in May 2021. Photo: Sunil Pradhan/NurPhoto via Getty Images

Dozens of countries are facing oxygen shortages so acute that they threaten to result in the "total collapse" of their health systems, the Bureau of Investigative Journalism reported Monday.

Why it matters: Many of these countries already faced oxygen shortages before the pandemic. Increased demand from COVID-19, coupled with low vaccination rates, could leading to devastating results, per the Bureau.