Cecilia Elena Rouse, The Employment Situation in March (2021)
“ Our economy has 8.4 million fewer jobs than the pre-pandemic peak. On the payroll side, there were 8.4 million fewer jobs in March than in February 2020. Job growth has accelerated the past few months, which has helped narrow the jobs gap and is putting our economy on track to regain the jobs lost in the pandemic. ”
Cecilia Elena Rouse, The Employment Situation in March (2021)
“ In March, the headline unemployment rate dropped to 6.0 percent, 2.5 percentage points above the rate in February 2020, before the pandemic sent many workers home and shuttered businesses and schools. Given the way the Bureau of Labor Statistics identifies and defines unemployed workers, the headline unemployment rate likely understates unemployment in a pandemic relative to a typical downturn. Since February 2020, almost 4 million workers have dropped out of the labor force. ”
Cecilia Elena Rouse, The Employment Situation in March (2021)
“ In March, women’s employment losses finally narrowed to about the same decline as men have experienced. Since the beginning of this recession, women’s employment, as measured by the household survey, had fallen by more than men’s employment in percent terms. In March, however, women’s employment losses as a percent of employment finally neared the same point as men’s employment losses: employment for both men and women is now lower than it was in February 2020 by about 5 percent. ”
