Drexel University study looks at coronavirus, summer teen employment - Business Insider

, predicted what the teen employment rate could be for the summer given the effects of the pandemic. The researchers wrote in their paper that about "one-third fewer teens will work this summer because of the COVID-19 shutdowns."

The team built a statistical regression model, based on a 2006 model out of Northeastern University's Center for Labor Market Studies, using data between 1980 and 2005 as well as seasonally-adjusted employment rates from previous months to predict employment rates. The model uses employment rates from January to March of the current year and the average January to March employment rates in previous years to predict the teen employment rate for the current summer.

To predict what the rate for the current summer, the researchers updated their model with the "actual rates" from the past few months that reflect the pandemic's effects on employment. To predict what will happen if there were no coronavirus or lockdowns, the researchers assumed "that the strong economy with a very low unemployment rate and a labor shortage condition that existed before the shutdowns would continue through the spring of this year.

These two numbers are both notable because the predicted non-pandemic 32.8% would have been the highest summer rate since 2008. In contrast, the 22.8% estimated as a result of the lockdowns would surpass previous historic lows in summer teen employment as noted by the researchers in their paper. After the Great Recession, summer teen employment dropped from 32.4% in 2008 to 28.5% in 2009 and only recently started to climb back up. Last summer's rate was as high as 30.

The researchers found in summer 2018 to 2019, teens typically worked in "service and low-level sales" occupations. These jobs, such asDo you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

Not the plundemic ... the ANC is the worst thing to happen to our economy ... the plundemic is the excuse nit the reason

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: France, Spain record biggest daily spikes in cases in weeks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What about death rates? Are they still going down comparative to the start of this China virus? How are treatments? Working better? Why “warn” of pending doom and gloom and not talk about the positives. Maybe MSM wants us to stay locked up. Isn’t France one of the countries going on the China-Gates spy app? Maybe they upped testing to roll out their control agenda. See how the coverage compares against other news outlets on Ground News Pandemic Coronavirus Lockdown Medical London
Source: BusinessInsider - 🏆 729. / 51 Read more »

Rural California county needs doctors, beds as coronavirus cases surge - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's what happens when you don't secure your borders !
Source: BusinessInsider - 🏆 729. / 51 Read more »

Novavax stock: Human results for coronavirus vaccine candidate - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A friendly reminder: Phase I means absolutely nothing.
Source: BusinessInsider - 🏆 729. / 51 Read more »