ABSTRACT

COVID-19: Measuring Unemployment [July 13, 2020]   [open pdf - 788KB]

From the Document: "Due to the effects of the Coronavirus Disease 2019 (COVID-19) pandemic, unemployment has risen to levels unseen since the Great Depression, peaking at a rate of 14.7% in April before decreasing to 11.1% in June. The unemployment rate is seen as a crucial metric for judging policy outcomes, but confusion among many observers about how the unemployment rate is calculated has been exacerbated by COVID19 and the difficulties it has presented. This Insight discusses how unemployment data are collected and classified, delves into the challenges COVID-19 has introduced, and puts these issues into context with a brief look at recent unemployment trends."

Report Number:
CRS Insight, IN11456
Author:
Publisher:
Date:
2020-07-13
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations