the staff of the Ridgewood blog
Ridgewood NJ, according to the US Census Bureau the COVID-19 pandemic caused a record job losses and transformed the nation’s employment landscape but recently released historical data tables put the magnitude of the economic disruption in clear context.
To get some prospective in 2017, for example, roughly 30 million adults experienced either an end of employment or a reduction in work hours, including both involuntary and voluntary job terminations. But only about 3.8 million collected Unemployment Insurance (UI), which is contingent on involuntary job termination, according to the Census Bureau’s Survey of Income and Program Participation (SIPP).
Continue reading COVID-19 Pandemic : Magnitude of the Economic Disruption Unparalleled
