Liberty Street Economics: Economic Inequality Series: The Labor Market after the COVID Recession

F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS   Economic Inequality Series: The Labor Market after the COVID Recession How Have Racial and Ethnic Earnings Gaps Changed after COVID-19? Between the pandemic-driven recession in 2020 and rising inflation since 2021, Americans' real and nominal wages have changed rapidly. To assess how recent economic conditions have affected wage disparities, the authors examine the real and nominal weekly earnings trends for Asian, Black, Hispanic, and white workers. While real weekly earnings have been declining for most demographic groups, Black and Hispanic workers have experienced smaller declines than white and Asian workers. READ MORE Long COVID Appears to Have Led to a Surge of the Disabled in the Workplace  Although most of those infected with COVID-19 have recovered relatively quickly, a substantial share remains symptomatic months or even years later, in what is commonly referred to as long COVID. Recent Census Bureau data suggest that sixteen million working-age Americans suffer from it, imposing economic costs estimated to be in the trillions. The author examines the impact of long COVID on the labor force and notes that workplace accommodations may help workers with long COVID remain employed.    READ MORE Related Reading: Economic Inequality: A Research Series

 

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