Bureau of Labor Statistics

COMMENTARY

Official unemployment rate doesn’t capture enormity of COVID-19 labor force fallout

BY: - September 3, 2020

We know COVID-19 has hurt workers, especially service industry workers, hard. A recent poll of Ohio economists conducted by my firm found 38 of 40 economists think the economic fallout of COVID-19 will fall disproportionately on low- and middle-income families, with economists citing the labor market structure as the major culprit of this inequitable outcome. […]