SEPTEMBER LABOR MARKET INSIGHTS
Contributed by Michael Horrigan, President of W.E. Upjohn Institute for Employment Research.
This month’s labor market insights relate to what is happening with permanent job loss.
In advance of Friday’s employment release, it is notable that as of the recent April peak, 78.3% of the 21.3 million unemployed (18.1 m) were on temporary layoff, expecting recall. Only 8.7% were permanent job losers, and 6.4% were reentrants to unemployment.