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Layoffs during the COVID-19 Pandemic: Four Findings from WARN Act Data

Author

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  • Ruben Hernandez-Murillo
  • Pawel Krolikowski

Abstract

With economic conditions changing so rapidly during the COVID-19 pandemic, the standard layoff indicators that policymakers and analysts use are falling short. These indicators are either not released frequently enough, or they lack geographic or industry information. Some indicators, such as initial unemployment insurance claims, may be less accurate under the current extreme conditions because of processing delays, duplicate claims, and fraud.2

Suggested Citation

  • Ruben Hernandez-Murillo & Pawel Krolikowski, 2020. "Layoffs during the COVID-19 Pandemic: Four Findings from WARN Act Data," Cleveland Fed District Data Brief 88634, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:c00003:88634
    DOI: 10.26509/frbc-ddb-20200827
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    Keywords

    COVID-19; unemployment;

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