Working from Home: More Americans Are Telecommuting
Americans who primarily work from home represented 3% of full-time employees in 2017, up from 0.7% in 1980.
V-Shaped Recovery Eludes G-7 Countries
Economic growth should overshoot its long-run trend to make up for the downturn caused by the pandemic. So far, this hasn’t happened.
Not All Bursting Market Bubbles Have the Same Recessionary Effect
The popped IT bubble ushered in an eight-month recession in 2001. The burst housing bubble resulted in the Great Recession (2007-09). Why the difference?
Geographic Dispersion in U.S. Employment
In the U.S., 112 of more than 3,000 counties accounted for 50% of employment in 2020.
Increasing Employment by Halting Pandemic Unemployment Benefits
In mid-2021, 26 states halted participation in all or some federal emergency unemployment benefits (EUB) programs before those programs' federal funding lapsed. This article uses this asynchronous EUB cessation between early- and late-halting states to estimate the causal impact of benefit cessation on employment. We find that cessation increased employment by 29 persons for every 100 (pre-halt) EUB recipients. Expressed as a number of jobs, if all states had halted EUB in June, September employment would have been 3.4 million persons higher relative to a no-halt counterfactual. Late-halting ...
Ending Pandemic Unemployment Benefits Linked to Job Growth
A new state-level analysis finds that ending emergency unemployment benefits had a statistically significant positive impact on employment.
Employment Effects of Pandemic Emergency Unemployment Benefits: Incentives Matter
The employment effects of halting programs that granted emergency unemployment benefits during the pandemic were substantial and differed across age groups.
Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
The COVID-19 pandemic has underscored many societal issues, including the capacity of different world governments to contain the virus’ spread.
The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis
This note uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs impact of ending unemployment benefits. While some states stopped providing EUB in September, other states stopped in June and July. Using the cessation month as an instrument, we estimate the causal effect on employment of reducing unemployment rolls. In the first three months following a state’s program termination, for every 100 person reduction in beneficiaries, state employment causally increased by about 35 persons. The effect is statistically different from zero and ...
How Uneven Were the Labor Market Recoveries across U.S. States?
Some states finished 2021 with unemployment rates below their pre-pandemic levels, while most had rates still above levels before COVID-19.