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The labor market recovery among working-age adults slowed the week of Jan.

employment has stopped recovering, new survey shows 1/26/21 - Leila Ugincius The results from this survey do not represent official forecasts or views of the Federal Reserve Bank of Dallas, its president, the Federal Reserve System or the Federal Open Market Committee. The Real-Time Population Survey is conducted in collaboration with the Federal Reserve Bank of Dallas. Together, these results indicate that some of the earnings losses suffered early in the pandemic were temporary in nature. Meanwhile, 1 in 5 individuals are earning more than they did in February. This share declined to 1 in 4 in the most recent Real-Time Population Survey. Among those employed in February, more than one-third reported a loss in earnings in early April. Other key findings show that earnings also have increased relative to the spring. The latest survey results reflect the week of Nov. Additionally, they ask questions that the Current Population Survey does not, such as who is working for the same employer as pre-pandemic and who has lost or gained earnings since then.īlandin and Bick started the Real-Time Population Survey out of a desire to use their skills as economists to help policymakers, reporters, analysts and the public during the COVID-19 pandemic. However, Blandin and Bick release their results two weeks earlier. Bureau of Labor Statistics’ Current Population Survey and covers the same time period. The Real-Time Population Survey closely follows the methodology of the U.S. But the current rate is still far below the 73.8% employment rate from February, just prior to the pandemic.” This is a large improvement compared to roughly 60% employment in April. “In early November, 69.9% of working-age adults were employed. “The latest results show that, since April, employment has recovered three-quarters of the way back to the pre-pandemic level,” said Adam Blandin, Ph.D., an assistant professor in the VCU School of Business, who conducts the monthly survey with Alexander Bick, Ph.D., an associate professor of economics at Arizona State. 8-14, but at a slower pace than at the start of the recovery, according to a report by economists from Virginia Commonwealth University and Arizona State University. The labor market continued its recovery the week of Nov. New survey shows labor market recovery continues 11/23/20 - Leila Ugincius

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