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2020 ; 189
(ä): 104238
Nephropedia Template TP
gab.com Text
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English Wikipedia
Labor demand in the time of COVID-19: Evidence from vacancy postings and UI
claims
#MMPMID32834178
Forsythe E
; Kahn LB
; Lange F
; Wiczer D
J Public Econ
2020[Sep]; 189
(ä): 104238
PMID32834178
show ga
We use job vacancy data collected in real time by Burning Glass Technologies, as
well as unemployment insurance (UI) initial claims and the more traditional
Bureau of Labor Statistics (BLS) employment data to study the impact of COVID-19
on the labor market. Our job vacancy data allow us to track the economy at
disaggregated geography and by detailed occupation and industry. We find that job
vacancies collapsed in the second half of March. By late April, they had fallen
by over 40%. To a first approximation, this collapse was broad based, hitting all
U.S. states, regardless of the timing of stay-at-home policies. UI claims and BLS
employment data also largely match these patterns. Nearly all industries and
occupations saw contraction in postings and spikes in UI claims, with little
difference depending on whether they are deemed essential and whether they have
work-from-home capability. Essential retail, the "front line" job most in-demand
during the current crisis, took a much smaller hit, while leisure and hospitality
services and non-essential retail saw the biggest collapses. This set of facts
suggests the economic collapse was not caused solely by the stay-at-home orders,
and is therefore unlikely to be undone simply by lifting them.