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Working Paper
Labor Force Exiters around Recessions: Who Are They?
This paper identifies workers who experience a job separation during a recession and tracks their labor force status in the following year using the Current Population Survey. Workers are classified as exiters if they leave the labor force shortly after their job loss and non-exiters if they do not. The pool of exiters is disproportionately female, less-educated, and older. During the pandemic recession, there were even more older workers in the exiters pool, although they were less likely to report being retired compared to in the Great Recession. In addition, statuses were more persistent ...
How Job Separations Differed between the Great Recession and COVID-19 Recession
Both the Great Recession and the COVID-19 recession created huge shocks to the U.S. labor market. But job separation rates hit income groups differently during the two downturns.