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EMPLOYMENT & UNEMPLOYMENT • Feb 2022 • Volume 11 / Number 3
Before the COVID-19 pandemic in 2020, many IT jobs were already projected to be in high demand over the next decade. The pandemic has made IT workers even more important to the future economy, and the jobs projections for these occupations have increased.
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Every 10 years, the U.S. Census Bureau conducts a full count of the entire population of the United States, as mandated by the U.S. Constitution. To achieve this mission, the Census Bureau hires hundreds of thousands of temporary workers. These workers are reflected in the Current Employment Statistics (CES) survey employment estimates.
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In the spring of 2020, the COVID-19 pandemic triggered job loss in the labor market on a scale not seen since the Great Depression. A year later, the economic situation had improved. Approximately 60 percent of jobs lost had returned, but employment was still down compared to pre-pandemic levels. In an effort to understand how the COVID-19 pandemic affected labor market experience, the U.S. Bureau of Labor Statistics (BLS) National Longitudinal Survey of Youth 1997 (NLSY97) fielded a short supplemental survey to gather information from its sample members on work and working conditions, among other topics.
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This Beyond the Numbers article will define satellite net input to industry Indexes and use data from December 2018 through April 2021 to examine shifts in input costs for both goods and services consumed by domestic producers. Satellite net input indexes measure the average change in prices industries pay for inputs, including imports, but exclude capital investments and labor.
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