Labor Market Flows and the Covid-19 Economy

Research output: Working paper

Abstract

I examine labor market flows in the CPS through March 2020. Although there wasa dramatic single month increase in the unemployment rate and exit rate from em-ployment, most cyclical flows (hiring, employer-to-employer flows, quits) have not yetchanged substantially. I show that increases in flows to non-employment are concen-trated in a few sectors (hospitality, other services, and construction), suggesting thatthe economic slow-down was not yet widespread in March of 2020. However, I showthat within-individual hours decreased in March 2020, and this reduction was broadbased across industries, occupations, and demographic groups.
Original languageEnglish (US)
Number of pages17
StateIn preparation - Apr 13 2020

Keywords

  • Coronavirus
  • COVID-19
  • severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)
  • Novel coronavirus
  • 2019-nCoV
  • Pandemic

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