from the St Louis Fed
– this post authored by Maximiliano Dvorkin, Senior Economist, and Asha Bharadwaj, Research Associate
The coronavirus pandemic continues to affect employment across the United States. In a previous blog post, we explored the idea of forecasting weekly changes in employment using data from Homebase, a data set that reports changes in employment daily. In this article, we discuss our updated forecasts for employment using this technique and investigate whether the recent changes in the labor market are related to the spike in COVID-19 cases across the country since June.
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