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Pandemic Pushed the U.S. into Recession … and Hourly Wages Rose?


Abstract: The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.

Keywords: COVID-19; Labor; Economic Conditions;

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2021/0209
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2021-02-09