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- The recession induced by the coronavirus disease 2019 (COVID-19) pandemic resulted in steep job losses, pushed the unemployment rate to a high of 13.0 percent in the second quarter of 2020, and caused many people to leave the labor force. 1 By the end of 2021, even after substantial strides were made in combating the COVID-19 pandemic, the labor market still had not fully recovered. 2 The jobless rate continued to trend downward, and by the fourth quarter of 2021, it was 4.2 percent, 2.6...
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Apr 19, 2021 · More women than men quit the labor force in the first year of the COVID-19 recession. From February 2020 to February 2021, a net 2.4 million women and 1.8 million men left the labor force – neither working nor actively looking for work – representing drops of 3.1% and 2.1%, respectively.
Jun 7, 2022 · The U.S. labor market continued to recover in 2021 from the recession caused by the coronavirus disease 2019 pandemic. The number of people who were unemployed and the unemployment rate decreased over the year, but both measures remained above their prepandemic levels.
Apr 14, 2021 · More women than men quit the labor force in the first year of the COVID-19 recession. From February 2020 to February 2021, a net 2.4 million women and 1.8 million men left the labor force – neither working nor actively looking for work – representing drops of 3.1% and 2.1%, respectively.
Abstract. The economic crisis associated with the emergence of the novel corona virus is unlike standard recessions. Demand for workers in high contact and inflexible service occupations has declined while parental supply of labor has been reduced by lack of access to reliable child care and in-person schooling options.
- Stefania Albanesi, Jiyeon Kim
- 2021
How was the occupational makeup of flows into unemployment different in 2020 than during the Great Recession? What are the most common transitions for workers formerly employed in the hardest-hit occupations, such as personal care, maintenance and cleaning, and food preparation and service?
May 20, 2021 · Absent the COVID-19-driven recession, an estimated 2.4 million additional jobs could have been created. Adding these to the actual job losses since February 2020 implies that the U.S. labor market in February 2021 was short 11.9 million jobs (Gould 2021).
In the recession phase, among single workers without children, employment falls by 6 percentage points for men and only by 2 percentage points for women. Among single with children, the decline is 6.1 percentage points for men and 2.7 percentage points for women.
