1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i COVID-19: How Quickly Will Unemployment Recover? Updated November 6, 2020 Because of effects of the Coronavirus Disease 2019 (COVID-19) pandemic, the United States has seen both high unemployment levels and record rates of
2、 change in those levels. This has made it difficult to forecast unemployment from one month to the next. This Insight discusses the current state of unemployment, how unemployment might change over the next few years, and what those changes would mean for the economy. Current Outlook COVID-19 and th
3、e subsequent public health crisis led to precipitous increases in unemployment and underemployment. Figure 1 contrasts the official U3 unemployment rateunemployed workers as a percentage of the labor forcewith the U6 rate, which also includes those working part-time for economic reasons and discoura
4、ged workers. At the height of the 2007-2009 Great Recession, the U3 rate reached 10% compared with a high of 14.7% in April 2020. (For further explanation of these rates, see CRS In Focus IF10443, Introduction to U.S. Economy: Unemployment.) Analysis of changes in employed workers may offer addition
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