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

Ruben Hernandez-Murillo and Pawel Krolikowski

Cleveland Fed District Data Brief from Federal Reserve Bank of Cleveland

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

Keywords: COVID-19; unemployment (search for similar items in EconPapers)
Date: 2020-08-27
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Persistent link: https://EconPapers.repec.org/RePEc:fip:c00003:88634

DOI: 10.26509/frbc-ddb-20200827

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