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High Labor Market Churn During the 2020 Recession : Data Appendix, No. 21-06

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High Labor Market Churn During the 2020 Recession : Data Appendix, No. 21-06

DATE: February 2021

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ABSTRACT: Richmond Fed research has found that job losses during the COVID-19 recession have been concentrated in high-turnover sectors, with turnover rates in those occupations even higher than they were during the Great Recession. Workers displaced from high-turnover occupations often avoid long periods of unemployment, but they are historically less likely to develop long-term employment relationships, which limits their potential for sustained wage growth.



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Macaluso, Claudia and Federal Reserve Bank of Richmond. "High Labor Market Churn During the 2020 Recession : Data Appendix, No. 21-06," Economic Brief (February 2021). https://fraser.stlouisfed.org/title/6034/item/600717/content/pdf/frbrich_eb21-06_data_appendix, accessed on June 6, 2023.

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