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The Initial Labour Market Impact of COVID-19

Stephen Byrne, Dermot Coates, Enda Keenan and Tara McIndoe-Calder
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Dermot Coates: Central Bank of Ireland
Enda Keenan: Central Bank of Ireland
Tara McIndoe-Calder: Central Bank of Ireland

No 04/EL/20, Economic Letters from Central Bank of Ireland

Abstract: Job losses since the outbreak of COVID-19 are concentrated in the Accommodation & Food Services and retail sectors. By matching social welfare payment data on those who have lost jobs with survey information from before the crisis, we show that younger workers and those in the lower quintiles of the income distribution have suffered the greatest number of job losses. Larger firms have been more successful in retaining links with their employees through the Temporary Wage Subsidy Scheme.

Date: 2020-04
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