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Real-Time Survey to Provide Timelier Labor Market Data in Era of COVID-19
An effective economic policy response to the rapidly evolving coronavirus (COVID-19) crisis requires timely and accurate information on its impact. To help reduce the information gap, we introduce the Real-Time Population Survey.
Real-Time Population Survey Suggests U.S. Job Losses Slowed in Early May
Survey results for the week of May 10 suggest further declines in employment and an increase in unemployment relative to the week of April 26 – May 2, though both changes are within the survey’s margin of error.
Data Revisions of Aggregate Hours Worked: Implications for the Europe-U.S. Hours Gap
In this article, we document that the Organisation for Economic Co-operation and Development (OECD) and the Conference Board?s Total Economy Database (TED) have substantially revised their measures of hours worked over time. Relying on the data used by Rogerson (2006) and Ohanian et al. (2008), we find that, for 2003, hours worked per person in Europe is 18 percent lower than hours worked in the United States. Using the 2016 releases of the same data for 2003 yields a gap that is 40 percent smaller?that is, only 11 percent lower. Using labor force survey data, which are less subject to data ...
Work from Home After the COVID-19 Outbreak
Based on rich novel survey data on almost 5,000 working age adults, we document that 35.2 percent of the workforce worked entirely from home in May 2020, up from 8.2 percent in February 2020. Highly educated, high-income and white individuals were much more likely to shift to remote work and to maintain employment following the virus outbreak. Using available estimates of the potential number of home-based workers suggests that a large majority (71.7 percent) of U.S. workers that could work from home, effectively did so in May. We provide some evidence indicating that apart from the potential ...