Labor Market Flows and The Covid-19 Economy

17 Pages Posted: 29 Apr 2020

See all articles by Eliza Forsythe

Eliza Forsythe

University of Illinois at Urbana-Champaign - School of Labor & Employment Relations; University of Illinois at Urbana-Champaign - Department of Economics

Date Written: April 13, 2020

Abstract

I examine labor market flows in the CPS through March 2020. Although there was a dramatic single month increase in the unemployment rate and exit rate from employment, most cyclical flows (hiring, employer-to-employer flows, quits) have not yet changed substantially. I show that increases in flows to non-employment are concentrated in a few sectors (hospitality, other services, and construction), suggesting that the economic slow-down was not yet widespread in March of 2020. However, I show that within-individual hours decreased in March 2020, and this reduction was broad based across industries, occupations, and demographic groups.

Keywords: Covid-19, Labor Market Flows, Hiring

JEL Classification: J21, J23, J63

Suggested Citation

Forsythe, Eliza and Forsythe, Eliza, Labor Market Flows and The Covid-19 Economy (April 13, 2020). Available at SSRN: https://ssrn.com/abstract=3586074 or http://dx.doi.org/10.2139/ssrn.3586074

Eliza Forsythe (Contact Author)

University of Illinois at Urbana-Champaign - Department of Economics ( email )

410 David Kinley Hall
1407 W. Gregory
Urbana, IL 61801
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University of Illinois at Urbana-Champaign - School of Labor & Employment Relations ( email )

504 East Armory Avenue
Champaign, IL 61820-6297
United States

HOME PAGE: http://sites.google.com/site/elizaforsythe/

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