For all the anecdotes and speculation about working from home during the pandemic, there is still little systematic evidence about how employees have changed their day-to-day work activities as a consequence of these unexpected shocks. In particular, how have employees changed their patterns of digital communication — e.g., meetings and emails — to compensate for … Continue reading
Understanding what we can and cannot learn from previous recessions is important for the current downturn- there are some similarities, but also some marked distinctions. The starkest difference is the occurrence of a discrete, immediate lockdown of some sectors. This contrasts with the archetypical recession in which economic activity slows down continuously, as firms shut … Continue reading
Skills development has an important role to play in the immediate effort to lessen the impact of COVID-19 while the pandemic is active, in building the resilience of workers and firms, and in preparing for recovery. Time is of the essence in this response, to help speed recovery from recession, to get people back to … Continue reading
The JobKeeper Payment is one of the largest fiscal and labour market interventions in Australia’s economic history. The JobKeeper Payment was developed in the second half of March in response to a steep deterioration in economic activity and employment. JobKeeper had three objectives: supporting business and job survival, preserving the employment relationship, and providing needed … Continue reading
Employee reskilling and upskilling training is in the spotlight. Learn how and why companies reskill and upskill their workforce and what employees think. In late 2019, the World Economic Forum issued an alert. Lack of skills was keeping CEOs awake at night. The only way to bridge the skills gap is through upskilling or reskilling … Continue reading
COVID downturn sees job losses eclipse those of any other recession Canada has been roiled by a recession unlike any other – one distinguished not just by the overall magnitude of damage it has inflicted on the economy but by the specific, unprecedented blow it has dealt to women. In a matter of months, the … Continue reading
The COVID-19 pandemic and resulting measures to prevent its spread (social distancing, travel restrictions, school and business closures) have led to unprecedented job loss and economic upheaval across Canada. Data from the Labour Force Survey (LFS) confirm that the economic impact of this health crisis affects different sectors in unique ways. Previous LMI Insight Reports … Continue reading
Since COVID-19 hit the United States, more than 20 million American workers have become unemployed and countless others have left the labor force altogether. While the labor market disruptions have affected workers in a wide set of industries and occupations, those without a college degree have experienced the most severe impact. Addressing gaps in educational … Continue reading
La COVID-19 continue d’avoir des répercussions sans précédent sur les Canadiens. Statistique Canada a adopté, et continue d’adopter, de nouvelles façons de travailler afin de fournir aux Canadiens les données et les renseignements dont ils ont besoin pour réagir à la COVID-19. Pour continuer de répondre aux besoins en matière de renseignements plus actuels, un ensemble … Continue reading
Annual output is projected to shrink by 9.4% in 2020 in the event of a second virus outbreak and related shutdown, and by 8% if recovery is uninterrupted. The rebound will not be dynamic enough for output to attain pre-COVID-19 levels by the end of 2021 under either scenario. Similarly, the rate of unemployment will … Continue reading
World Bank Global Economic Prospects forecasts say global economy will shrink 5.2% this year, using market exchange rate weights. The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% … Continue reading
Une des choses que je retiens dans les papiers que vous allez publier, c’est que les gouvernements ne pourront pas éternellement soutenir tout le monde. Mieux vaut investir que soutenir. Qu’entendez-vous par là? Tous ces programmes qui ont été mis en place, c’était justifié, c’était nécessaire. Mais on ne peut pas soutenir l’économie et les … Continue reading
Entre le 8 et le 25 avril 2020, la Dares a sollicité les demandeurs d’emploi en formation pour recueillir leurs avis sur le déroulement des formations durant la crise sanitaire du coronavirus. L’enquête a été menée via un questionnaire en ligne et une interview téléphonique, en cas d’absence de réponse en ligne. Ainsi, 5 600 … Continue reading
We study the distributional consequences of the Covid-19 pandemic’s impacts on employment. Using data through April 2020 from the Current Population Survey (CPS) — the primary source of labor force statistics for the United States — we document three key facts. First, we show that the pandemic-induced reductions in employment, and the associated increases in … Continue reading