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Temporary Layoffs and Unemployment in the Pandemic

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Abstract

Temporary layoffs accounted for essentially the entire increase in unemployment to its historically high rate in April 2020. Although the rate has come down since its peak, unemployment remains well above pre-pandemic levels. There is little evidence that temporary layoffs are becoming permanent at a higher rate than in the past. However, the continuation of the health and economic crisis poses a risk that a growing share of unemployment will consist of people in persistent categories of joblessness, thereby slowing the overall recovery.

Suggested Citation

  • , 2020. "Temporary Layoffs and Unemployment in the Pandemic," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(34), pages 01-05, November.
    • Handle: RePEc:fip:fedfel:89050
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    File URL: https://www.frbsf.org/economic-research/files/el2020-34.pdf
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    Cited by:

    1. Nicholas Sowels, 2022. "The "Great Resignation": the Changing Wage-Nexus in the United States and the United Kingdom after the Covid-19 Pandemic," Post-Print hal-04172216, HAL.
    2. Anand, Amitabh & Dalmasso, Audrey & Vessal, Saeedeh Rezaee & Parameswar, Nakul & Rajasekar, James & Dhal, Manoranjan, 2023. "The effect of job security, insecurity, and burnout on employee organizational commitment," Journal of Business Research, Elsevier, vol. 162(C).
    3. Guo, Angela & Krolikowski, Pawel & Yang, Meifeng, 2023. "Displaced workers and the pandemic recession," Economics Letters, Elsevier, vol. 226(C).
    4. John G. Fernald & Huiyu Li, 2021. "The Impact of COVID on Potential Output," Working Paper Series 2021-09, Federal Reserve Bank of San Francisco.

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    Keywords

    unemployment; covid-19;

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