Summary: Households at Risk, Offshoring and the Great Recession BANKING

Young couple is annoyed about bills.

Today we’re sharing some research recently released by the St. Louis Fed that you may have missed.

Economic synopsis

Unemployment Insurance and Households at Risk during the COVID-19 Pandemic

Can workers tolerate the loss of jobs without increasing unemployment insurance benefits? Many unemployed people do not have enough cash to deal with the negative effects of job losses.

Is the COVID-19 pandemic a supply or a demand shock?

Labor supply shocks likely accounted for most of the decline in working hours in March and April, but demand shocks were also important.

Regional economist

Hospital capacity amid the COVID-19 pandemic

Most counties in the US did not reach hospital bed capacity during the COVID-19 spikes by June 30th. However, around a quarter of the counties are at risk of overcapacity if a future surge occurs.


Reconstruction of the great recession

How much can a downturn in construction hurt the rest of the economy? New research suggests that during the Great Recession, the decline in construction may have caused over 50% of the fall in output and 35% of the fall in employment.

Offshoring to a developing nation with a dual job market

If work in one country can be relocated cheaper to another, it usually does. As offshore technology improves, wages in both countries can fall as more work is done by unregulated workers.

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