Announcement

ADP Research Institute (ADPRI) and the Stanford Digital Economy Lab (the “Lab”) announced they will retool the ADP National Employment Report (NER) methodology to provide a more robust, high-frequency view of the labor market and trajectory of economic growth. In preparation for the changeover to the new report and methodology, ADPRI will pause issuing the current report and has targeted August 31, 2022, to reintroduce the ADP National Employment Report in collaboration with the Stanford Digital Economy Lab (the “Lab”). We look forward to providing an even more comprehensive labor market analysis and will be in touch with additional details closer to the re-launch, later this summer.  For more information on this announcement, please visit here.

Missing Workers: The labor market has yet to recover from the pandemic

Research Note

Missing Workers: The labor market has yet to recover from the pandemic

June 12, 2022 | read time icon 10 min

Lijia Wei & Jeff Nezaj
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The coronavirus pandemic shocked the labor market. In a single month – April 2020 – more than 19 million workers lost their jobs. The size of the private sector workforce shrank by 15 percent.

The recovery has been slow but steady. People are rejoining the workforce and we’re inching toward pre-pandemic levels of employment. But that progress masks the fact that more than two years later, many workers remain on the sidelines. 

This research note examines hiring data and worker behavior to find out what’s been holding the labor recovery back. What we found was an unprecedented imbalance between labor supply and demand. 

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