05-15-2020, 10:12 AM
Maybe the problem was not COVID-19 or our response. Maybe the problem is the way the US labor force is structured, or what we've done to mitigate the impact.
![[Image: unemployment-claims-v2-1.png]](https://i1.wp.com/www.brookings.edu/wp-content/uploads/2020/04/unemployment-claims-v2-1.png)
It seems crazy that Spain's unemployment rate has increased by only 1.3%. Germany's unemployment has actually dropped!
https://www.brookings.edu/research/the-e...f-the-data
The good news is that generally speaking, America's labor force is more dynamic and tends to bounce back much faster than other country's. But you do wonder if we have a problem with employment fragility in the US.
BC
It seems crazy that Spain's unemployment rate has increased by only 1.3%. Germany's unemployment has actually dropped!
https://www.brookings.edu/research/the-e...f-the-data
The good news is that generally speaking, America's labor force is more dynamic and tends to bounce back much faster than other country's. But you do wonder if we have a problem with employment fragility in the US.
BC