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Economy, Strategy & Finance Data Reactions
2020
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What types of jobs will experience a large permanent increase in remote working?
July 13 | Agron Nicaj, Associate Economist, The Conference Board | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)There is a growing consensus that the share of remote workers will remain well above pre-pandemic rates. But in what types of jobs is this most likely to happen? We project a large increase in remote-working rates for clerical and administrative office jobs, a labor market segment which had relatively low remote-work rates in the pre-pandemic era.
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Small business hiring is recovering
May 20 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Ben Cheng, Former Researcher, Economics Department, The Conference Board | Comments (0)Early signs from the HWOL data series suggest small employers are leading the ramp up in hiring as the economy begins to reopen.
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We need to look at productivity by industry to understand the depth of this crisis
May 11 | Klaas de Vries, Former Senior Economist, The Conference Board | Ilaria Maselli, Former Senior Economist, The Conference Board | Comments (0)As of May 4, 42 percent of the total French workforce was either fully or partially unemployed, representing 12 percent of total annual hours worked and with an output equivalent of 11 percent of annual GDP. Half of that GDP loss is associated with just three industries: manufacturing, wholesale and retail trade and construction.
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From appliance repair to amusement parks, which goods and services will see the biggest drop in business?
April 27 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Elizabeth Crofoot, Former Senior Economist, Committee for Economic Development, The Conference Board | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Some of the catastrophic economic and labor market statistics from recent weeks are actually not that important. The bigger question is what happens when the economy opens. While businesses will reopen and millions will return to work, recovery is unlikely to be complete for quite a while. We discuss which consumption categories will see the biggest drop in business during the (slow) recovery.
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The first wave of COVID-19's impact on hiring
April 17 | Agron Nicaj, Associate Economist, The Conference Board | Comments (0)In the current economic crisis caused by the COVID-19 pandemic, employers are laying off millions of workers and significantly cutting back on hiring new employees. Many businesses are no longer able to operate, or their operations have been limited, resulting in less demand for workers. The Conference Board®-Burning Glass® Help Wanted OnLine™ (HWOL) data series, collects millions of online job ads in real-time and classifies them by occupation, industry and location. This allows us to see which