Measuring the Tightness of the Late-COVID Labor Market nber.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nber.org Daily Mail and Mail on Sunday newspapers.
How Tight Is the Labor Market? americanactionforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanactionforum.org Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic and associated recession have had dramatically different effects across industries, with some, including large parts of the leisure and hospitality sector, truly devastated and others, like much of the manufacturing sector, able to recover quite quickly. This has led some analysts to describe the pandemic as a
reallocation shock, requiring substantial movement of labor across industries.[ 1] Such a process likely requires substantial time, during which the natural rate of unemployment may be elevated. In this
Chicago Fed Letter, we consider two questions: First, has the need for labor reallocation risen, and second, has there been an increase in the amount of reallocation that is actually occurring?
High Labor Market Churn During The 2020 Recession econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.