Unemployment will rise. But it won’t tell the whole coronavirus story.
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
112 postsUnemployment Benefit Expansions: A Guide for Policy Responses in the Wake of COVID-19
Sharp changes to unemployment insurance systems are needed to stabilize the American economy, incentivize compliance with public health guidance, and keep American families financially secure.
Commentary on the Labor Market for Criminal Justice-Involved Individuals
Demand for workers with criminal justice involvement and a history of incarceration appears to be rising in several regions across the country over the past few years, according to interviews with eight job placement professionals in cities spanning the nation.
The Fed’s Revelations About The Labor Market Warrant A New Approach To Policy
The Fed now recognizes that its interventions have helped to create millions of jobs and promoted a better equilibrium in the long run. A deeper shift to its reaction function is now needed.
Participation and the Hot Labor Market
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.
