Ungated Post | 21 May 2020
COVID-19 Business Index: A bi-weekly report on the state of business in the US – Cycle Two
$1.3 trillion in annualized income has been lost by workers across the United States, according to new data from Oxford Economics and SHRM, based on a survey of HR professionals in the US conducted between April 27 and May 1. Of this $1.3 trillion, 20% represents earnings reductions among those fortunate enough to still have jobs. In addition to rising unemployment, declining income among those still working will likely provide further downward pressure on economic growth.
Our economic consulting and thought leadership teams are world leaders in quantitative economic analysis and original, evidence-based research, working with clients around the globe and across sectors to build models, forecast markets, run extensive surveys, and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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