Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are … implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …