stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market … temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … persistence in depressed employment rates. …

"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while … 80% of their pre-crisis level. Also, data suggest that the increase in employment in May 2020 is due to some of those … waiting to be recalled re-entering employment. These patterns suggest that a reasonably quick rebound of the labour market may …