Potential Jobs Impacted by Covid-19: An Update
Abstract: This blog post updates our earlier analysis of the potential jobs impacted by Covid-19. The update reflects three adjustments to the original analysis. First, we updated our guesses on the shares of each industry employed and working at still-operating businesses based on the Labor Department’s March Employment Situation report. Second, we use an updated model to estimate the possible June unemployment rates from initial unemployment insurance claims data (the model details are found here. Finally, we use unemployment rate predictions that incorporate the data from the April 2 report on unemployment insurance claims.
Keywords: Covid-19; unemployment;
Provider: Federal Reserve Bank of Chicago
Source: Midwest Economy Blog
Publication Date: 2020-04-09