
40% of Laid off Employees Won’t Be Re-hired. What Will You Do If You’re One of Them?
by Jennifer Grady, Esq. The Bureau of Labor Statistics (BLS) released unemployment data on May 8 showing that the U.S. economy lost over 20 million jobs in April, and the unemployment rate spiked to 14.7 percent, the worst since the Great Depression. However, due to the way the reporting was calculated, this number is estimated to be closer to 20%. A recent white paper from the Becker Friedman Institute at the University of Chicago (COVID-19 Is Also a Reallocation Shock) e