Why unemployment can feel worse when there is less of it around

Unemployment levels will be an important test of the economic impact of COVID-19. Some sectors have seen employees furloughed en masse, and the longer-term effect on businesses could mean that many lose their jobs permanently.

How to strengthen housing safety nets

U.S. homeowners and renters need stronger safety nets than existing social insurance programs provide to prevent housing insecurity during economic downturns, according to a new paper based on a study by Wharton real estate ...

Study underscores need for stimulus support to vulnerable groups

Workers who are most vulnerable to pandemic layoffs are more likely people of color, underscoring the need for stimulus funding in order to keep racial inequality from growing, according to a new University of Michigan study.

High-income earners have sturdier safety net after job loss

In the spring of 2020, COVID-19 caused an estimated 22 million job losses (13% of the total workforce). Congress' new $900 billion pandemic relief package is the second largest in U.S. history, but it only extends federal ...

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