Structural Problems in the U.S. Labor Market – What are the Challenges for the New President?
Since I started to carefully study the coronavirus and its associated health and economic consequences in January 2020, I have been reading many news, research articles, and blog posts. I got more and more concerned and I hope that the situation will improve as soon as possible. Let me now regularly share with you someContinue reading “Coronavirus: how many workers are employed in sectors directly affected by COVID-19 shutdowns, an international perspective on COVID-19 and the world of work, and estimating the COVID-19 infection rate – what I have been reading today”
According to data published by the Bureau of Labor Statistics today, the US jobless rate increased to 4.4 percent in March. Total nonfarm payroll employment fell by 701,000. These numbers reflect the early effects of the coronavirus on the U.S. economy. However, the numbers do not yet reflect the full effects that mainly occurred inContinue reading “US jobless rate rises sharply, but it will increase much more”