Pandemic Pushed the U.S. into Recession … and Hourly Wages Rose?

Sean Howard, Robert Rich and Joseph Tracy

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.

Keywords: COVID-19; Labor; Economic Conditions (search for similar items in EconPapers)
Date: 2021-02-09
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:89820

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