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COVID-19 recession

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In the Media

'The virus is the economy' - Wolfers

Sep 3, 2021 Fox Business News
After a few months of economic recovery, the delta variant is slowing down the economy yet again. "Today's dreadful jobs report - which basically put the recovery on ice for a while - is yet another reminder that the virus is the economy," Justin...
News

Stevenson predicts employment changes ahead

Sep 3, 2021
Change is inevitable when it comes to the COVID-19 pandemic. Rising infection rates have caused an otherwise recovering economy to slow, and Betsey Stevenson predicts there may be more change ahead. “I think we are going to see some of the great...
In the Media

Stevenson's insight on ending unemployment benefits

Sep 1, 2021 CNBC
This weekend, millions of Americans will lose their federal unemployment benefits. Betsey Stevenson, professor of public policy and economics, says that lawmakers need to consider employment effects, like decreases in spending. "People need the...
In the Media

Workers playing musical chairs, says Stevenson

Aug 23, 2021 NPR
While employers are finding it difficult to find workers, economist Betsey Stevenson told NPR she is not concerned. “There is just more churn than normal,” says Stevenson. “It’s like a giant game of musical chairs, and it’s taking everyone longer...
In the Media

More older workers exiting the labor market, says Stevenson

Aug 10, 2021 Bloomberg
The U.S. labor force continues to evolve as the economy recovers from the COVID-19 pandemic. Betsey Stevenson, professor of public policy and economics, explained how and why it has transformed in a recent Bloomberg interview. "We saw labor force...
News

What's next in a post-pandemic economy? - Stevenson

Aug 3, 2021
As the economy and world attempts to return to normal with the help of the COVID-19 vaccine, a new normal -- from social norms to remote work -- is emerging. Betsey Stevenson, professor of public policy and economics, recently spoke with Project...
In the Media

Stevenson insists not to be afraid of inflation

Jul 29, 2021 Marketplace
With inflation running higher than it ever has in a decade, some Americans are worried about the effects it could have on the economy. But Betsey Stevenson, professor of public policy and economics, says not to worry. "People think that inflation...
In the Media

Stevenson explains boom in low-wage labor demand

Jul 20, 2021 The New York Times
As the economy recovers from the COVID-19 pandemic, demand for low-wage labor has spiked, and along with it, wages. Betsey Stevenson, professor of public policy and economics, laid out exactly what is happening in the economy. “What’s happening...
News

Stevenson marks the 'Age of (Re)Discovery'

Jul 11, 2021
As economists realize that the world has entered a new economic era, Foreign Policy asked 13 economists to name and identify this new era. Among them was Betsey Stevenson, Ford School professor of public policy and economics. She named the new era...
In the Media

Pandemic has changed employer perceptions, says Stevenson

Jul 8, 2021 Marketplace
Since the pandemic forced many workers to take an employment break, Betsey Stevenson, professor of public policy and economics, says that employers may have more understanding when it comes to gaps in resumes and the benefits of workplace...
News

Applying academic skills to real-world business challenges

Jun 29, 2021
Small businesses in Detroit, as across the country, have had to make major adjustments to survive the COVID-19 pandemic economic downturn. A cadre of students from U-M have been able to work with many of these businesses through an internship...
News

Stevenson addresses child care in Senate committee testimony

Jun 24, 2021
The importance of access to child care in the economic recovery was emphasized by Ford School economics professor Betsey Stevenson in testimony before the U.S. Senate Banking, Housing, and Urban Affairs on Wednesday, June 23. "The choices you...
In the Media

Wolfers debunks labor shortage with Don Lemon

Jun 22, 2021 CNN's Don Lemon Tonight
Justin Wolfers, professor of public policy and economics, sat down on CNN's Don Lemon Tonight to discuss the labor shortage that most believe the U.S. is currently experiencing. Wolfers had a different opinion. "I want to be careful about calling...
News

Stevenson considers how COVID-19 pandemic has changed daily lives

Jun 21, 2021
With COVID-19 restrictions being lifted across the country, what does the "other side" of the pandemic look like? Many realize that everything will not revert to pre-pandemic "normal." Betsey Stevenson, professor of public policy and economics, has...
News

Shaefer fields continuing media interest in COVID stimulus study

Jun 10, 2021
Following the release of his study crunching numbers from the U.S Census Bureau's Household Pulse Data, Luke Shaefer, the Hermann and Amalie Kohn Professor of Social Justice and Social Policy, associate dean for research and policy engagement, and...
In the Media

Stevenson highlights 'returnships' for mothers

Jun 1, 2021 CNN Business
The pandemic has forced many working mothers to leave the workforce and instead care for their children at home. The issue as the world opens back up: how can those women return to the workforce. "Returnships", or programs that offer training,...
In the Media

Stevenson comments on childcare

May 27, 2021 Bloomberg Radio
The pandemic has brought to light the struggle that many working moms go through, prompting consideration of how to alleviate some of those struggles. Betsey Stevenson, professor of public policy and economics, explained to Bloomberg Radio how the...
News

COVID-19 and unemployment's affects on future health - Burgard

May 25, 2021
In a recent opinion piece published in The Conversation, co-authored with with Jennie Brand, Sarah Burgard, professor of sociology, public policy and epidemiology, called attention to the long-term health effects of COVID-19 — but not just effects...
In the Media

Cooney answers question of where Michigan workers have gone

May 11, 2021 Detroit Free Press
Businesses and companies need more workers right now, but they can't find them. Patrick Cooney, assistant director of economic mobility at U-M Poverty Solutions, attributed most of the gap between supply and demand of labor to public health. "Our...
News

Stevenson comments widely on COVID-19 recovery, minimum wage

May 10, 2021
Ford School economics professor Betsey Stevenson has been commenting on the debate about raising the minimum wage and the contours of the COVID-19 recovery. When the April jobs report was released, with significantly fewer jobs created than were...
In the Media

Wolfers provides analysis, expectations for post-pandemic economy

Apr 22, 2021 NBC News
“Much of the gain of economic growth over recent decades has gone to capital rather than labor, and to the highly paid, rather than a broader group of workers,” Wolfers said. “A strong economy — and worker shortages — could help rebalance somewhat,...
In the Media

Stevenson discusses drop in labor force participation amongst women

Apr 15, 2021 DPTV
As part of a Detroit Public TV special segment on the brutal economic effect of the COVID-19 recession on women, Betsey Stevenson discusses the precipitous drop in female labor force participation over the last year — a shocking 57% drop, to the...