Black And White Differences In The Labor Market Recovery From COVID-19 - Part III Of III
from Liberty Street Economics
– this post authored by David Dam, Meghana Gaur, Fatih Karahan, Laura Pilossoph, and Will Schirmer
The ongoing COVID-19 pandemic and the various measures put in place to contain it caused a rapid deterioration in labor market conditions for many workers and plunged the nation into recession. The unemployment rate increased dramatically during the COVID recession, rising from 3.5 percent in February to 14.8 percent in April, accompanied by an almost three percentage point decline in labor force participation.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202102220551
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