US employment inequality in the Great Recession and the COVID-19 pandemic

This article compares inequality in employment across demographic groups in the Great Recession and the COVID-19 pandemic. We develop a measure to capture both how much employment declines during a recession and the persistence of employment losses. Results show a significant shift of job loss from men in the Great Recession to women in the COVID-19 lockdown. White workers fare better than other racial/ethnic groups in both recessions. Black and Hispanic women are hit especially hard in the COVID-19 pandemic. With our job-loss measure, less-educated workers had modestly worse outcomes in the Great Recession. However, during COVID-19, less-educated workers suffer much more severe employment consequences than more-educated groups. We discuss long-term effects of employment inequality and how these findings are relevant to debates about policy responses.