University of Chicago scholar estimates 42% of pandemic-related layoffs could be permanent

May 21, 2020 – The numbers are finally capturing the full magnitude of the economic downturn caused by the coronavirus pandemic. The U.S. Bureau of Labor Statistics, for example, recently announced a 14.7% unemployment rate for April. But other data also provide a more nuanced and sobering view: New research co-authored by Prof. Steven J. Davis of […]