COVID-19: The Impact on Labor Demand

There is no denying the COVID-19 pandemic has had an enormous impact on the health, well being, and livelihood of people in every corner of the globe. And the impact on labor demand specifically has proven to be an absolute roller coaster. At its peak, which was late February 2020, the U.S. had nearly 3 million active job listings and unemployment was at an all time low. Within a matter of weeks, when shutdowns were newly underway, active job listings dropped to less than 2 million.