COVID-19 Labor Impact.pdf

BFI_WP_202041.pdf
Preview of COVID-19 Labor Impact
🔗 Source: unassumingeconomist.com
📊 Size: 295 KB
📄 Pages: 15 pages
⬇️ Downloads: 49

Summary

The COVID-19 pandemic has led to unprecedented job losses, with an estimated 20 million jobs lost by April 8th, 2020, and a decline in labor force participation of 7 percentage points. The unemployment rate has increased by only 2 percentage points, as many of those losing jobs are not actively looking for new ones. The employment-to-population ratio has declined by 7.5 percentage points, corresponding to nearly 20 million jobs lost. Early retirement almost fully explains the drop in labor force participation.

Description

The COVID-19 pandemic has led to unprecedented job losses, with an estimated 20 million jobs lost by April 8th, 2020, and a decline in labor force...

Technical Information

  • File Format: PDF
  • File Size: 295 KB
  • Pages: 15
  • Language: EN
  • Total Downloads: 49
  • Last Updated: 2 weeks ago

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