Real-Time Labor Market Estimates During the 2020 Coronavirus Outbreak

25 Pages Posted: 15 Sep 2020 Last revised: 27 Jan 2021

See all articles by Alexander Bick

Alexander Bick

Federal Reserve Banks - Research Division

Adam Blandin

Virginia Commonwealth University (VCU) - School of Business

Date Written: January 22, 2021

Abstract

This project aims to provide labor market data several weeks ahead of official statistics via a national online labor market survey of a sample representative of the US working age population. We refer to the survey as the Real-Time Population Survey (RPS). Core questions in the RPS closely follow the official US labor market survey (the CPS), which allows us to construct estimates consistent with theirs. The RPS was conducted twice monthly from March through October, and since then is conducted monthly.

Keywords: Real-time, labor market, employment, unemployment, COVID-19

JEL Classification: E24, J21, J31

Suggested Citation

Bick, Alexander and Blandin, Adam, Real-Time Labor Market Estimates During the 2020 Coronavirus Outbreak (January 22, 2021). Available at SSRN: https://ssrn.com/abstract=3692425 or http://dx.doi.org/10.2139/ssrn.3692425

Alexander Bick

Federal Reserve Banks - Research Division ( email )

P.O. Box 442
St. Louis, MO 63166-0442
United States

Adam Blandin (Contact Author)

Virginia Commonwealth University (VCU) - School of Business ( email )

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