COVID-19, labor demand, and government responses: evidence from job posting data

Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as much as 30%, measured by the number of job advertisements. But the pandemic did not result i...

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Detalles Bibliográficos
Autores principales: Shuai, Xiaobing, Chmura, Christine, Stinchcomb, James
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2020
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7719850/
https://www.ncbi.nlm.nih.gov/pubmed/33311717
http://dx.doi.org/10.1057/s11369-020-00192-2
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author Shuai, Xiaobing
Chmura, Christine
Stinchcomb, James
author_facet Shuai, Xiaobing
Chmura, Christine
Stinchcomb, James
author_sort Shuai, Xiaobing
collection PubMed
description Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as much as 30%, measured by the number of job advertisements. But the pandemic did not result in noticeable changes in advertised wages. Regarding the roles of government policies, the study finds that the “stay-at-home” measures implemented by states appeared to suppress labor demand. The Paycheck Protection Program (PPP) program helps to stabilize the advertised wages, but also suppresses labor demand. Finally, the pandemic may increase labor demand for certain healthcare-related occupations.
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spelling pubmed-77198502020-12-07 COVID-19, labor demand, and government responses: evidence from job posting data Shuai, Xiaobing Chmura, Christine Stinchcomb, James Bus Econ Original Article Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as much as 30%, measured by the number of job advertisements. But the pandemic did not result in noticeable changes in advertised wages. Regarding the roles of government policies, the study finds that the “stay-at-home” measures implemented by states appeared to suppress labor demand. The Paycheck Protection Program (PPP) program helps to stabilize the advertised wages, but also suppresses labor demand. Finally, the pandemic may increase labor demand for certain healthcare-related occupations. Palgrave Macmillan UK 2020-12-07 2021 /pmc/articles/PMC7719850/ /pubmed/33311717 http://dx.doi.org/10.1057/s11369-020-00192-2 Text en © National Association for Business Economics 2020 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Article
Shuai, Xiaobing
Chmura, Christine
Stinchcomb, James
COVID-19, labor demand, and government responses: evidence from job posting data
title COVID-19, labor demand, and government responses: evidence from job posting data
title_full COVID-19, labor demand, and government responses: evidence from job posting data
title_fullStr COVID-19, labor demand, and government responses: evidence from job posting data
title_full_unstemmed COVID-19, labor demand, and government responses: evidence from job posting data
title_short COVID-19, labor demand, and government responses: evidence from job posting data
title_sort covid-19, labor demand, and government responses: evidence from job posting data
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7719850/
https://www.ncbi.nlm.nih.gov/pubmed/33311717
http://dx.doi.org/10.1057/s11369-020-00192-2
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