Ernie Tedeschi

April 9, 2020 by Ernie Tedeschi — 3 min read

The Unemployed Were Far From the Only Workers Ravaged by the Downturn in March

Between mid-February and mid-March, the number of Americans unemployed grew by 1.4 million. But the rise in Americans reporting any type of labor market disruption — absence, wanting more hours, or not having a job at all — was almost four times that number: 5.6 million.

Labor Markets Macro and Markets

Unemployment will rise. But it won’t tell the whole coronavirus story.

Ernie Tedeschi — 7 min read

The coronavirus shock will lead to a dramatic spike in the unemployment rate. But even this surge could understate the true labor market damage from the virus.

Labor Markets Macro and Markets

Participation and the Hot Labor Market

Ernie Tedeschi — 15 min read

Labor force entry likely explains between ⅓ to ½ of the rise in US prime-age participation from its recent trough, and that the level and slope of labor force flows suggest prime-age participation may have even further to rise in the absence of exogenous shocks.

Labor Markets Macro and Markets

The Unemployed Were Far From the Only Workers Ravaged by the Downturn in March

Unemployment will rise. But it won’t tell the whole coronavirus story.

Participation and the Hot Labor Market

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