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COVID-19 recession

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In the Media

Wolfers notes ambiguity in current strength of the economy

Apr 29, 2022 Bloomberg
Bloomberg reports that the Covid-19 pandemic, now in its third year, has turned into a catalyst for lasting economic change, which will outlast the disease. Ford School economics professor Justin Wolfers notes that on the one hand the economy has...
In the Media

Pilkauskas investigates accessibility of expanded Child Tax Credit

Apr 18, 2022 The New Yorker
The U.S. government's response to the 2020 recession was unprecedented. One of the most important areas was the expanded Child Tax Credit. Natasha Pilkauskas, associate professor of public policy, has studied who was able to access the program, and...
News

Stevenson testifies on the need for more affordable childcare

Mar 2, 2022
Ford School economics professor Betsey Stevenson testified before the House Select Subcommittee on the Coronavirus Crisis, in a hearing  about "how the coronavirus pandemic has impacted the already struggling child care sector, and the resulting...
In the Media

Wolfers discusses state of the economy

Feb 8, 2022 WDET
Justin Wolfers, professor of public policy and economics, recently appeared on WDET to talk about the economy, inflation, and jobs.  "People are complaining about rising prices and inflation. That’s their concern right now. It’s not about jobs,"...
News

Detroit unemployment rate sits at 20%

Feb 3, 2022
Detroit’s unemployment rate—the proportion of adults who are in the labor force but not currently employed—remains at 20%, virtually unchanged over the course of 2021, according to a new University of Michigan survey.  This is less than half the...
In the Media

Hausman discusses COVID-19 economy

Jan 24, 2022 CBS News
Two years after COVID-19 was discovered in the U.S., the country is still grappling with the virus and its effects. Joshua Hausman, associate professor of public policy and economics, discussed the impact of the virus on different...
News

Stevenson provides insight on COVID-19 economy

Jan 21, 2022
The recession caused by the COVID-19 pandemic hit employment in the service sector hardest, and the workforce is still feeling the effects,  Betsey Stevenson, professor of economics and public policy, told Mother Jones , "The pandemic created a...
In the Media

Stevenson discusses job report calculations

Jan 10, 2022 CNBC
Recent government job reports have consistently undercounted the number of jobs created. Revisions are made regularly pushing those numbers up. Betsey Stevenson, professor of public policy and economics, explained how she estimates total jobs...
News

Stevenson's end-of year commentary on the economy

Jan 3, 2022
Ford School economics professor Betsey Stevenson saw resilience in the U.S. economy at the end of 2021, despite lingering problems for some segments of the population like caregivers.  Speaking with Yahoo! Finance, she said the economy had...
News

Wolfers provides analysis on jobs, inflation

Dec 5, 2021
As the omicron variant spreads, the impact it will have on the fragile economic recovery remains uncertain. Justin Wolfers, professor of public policy and economics, talked to numerous media outlets about economic recovery, the jobs report, and...
News

Stevenson fields questions regarding supply chain, labor market

Dec 5, 2021
With holiday shopping upon us, the supply chain has been experiencing even more difficulties. But, Betsey Stevenson, professor of public policy and economics, say that the issues should be worked out soon. "It's definitely getting a lot better....
In the Media

Stevenson optimistic in the face of inflation worries

Oct 27, 2021 Colloquy
In the face of rising inflation and sub-par job growth, Ford School professor Betsey Stevenson is optimistic that the U.S. economy can recover the from the recession and chaos caused by the COVID-19 pandemic. She told the podcast Colloquy,...
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...