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Rescuing a `sick’ labour market: using online vacancy data to track Covid-19’s economic impact

This project aims to identify the impact of Covid-19 and consequent lockdown measures on labour demand, using unique real-time data on UK online job postings, combined with text analysis and causal econometric research designs.

- Firstly, we will conduct an in-depth descriptive analysis of changes in labour demand over the course of the pandemic.

- Secondly, we will carry out an innovative text analysis aimed at tracing the evolution of skill demand and the structure of job activities before and after the virus outbreak.

- Third, we will provide a causal analysis of the impact of the virus outbreak on job creation, combining comparisons across local labour markets with event-study exercises.

- Finally, we will study how the potentially staggered lifting of lockdown policies will affect labour markets over the remainder of 2020 and into 2021, and analyse which factors correlate with labour demand resilience, both during and after the implementation of lockdown measures.

Overall, the project will bring unique value-added to the current work on the effects of the pandemic on economic activity and the labour market.

Lead investigator:

Mirko Draca

Affiliation:

University of Warwick

Primary topic:

Jobs, work, pay & benefits

Region of data collection:

Europe

Country of data collection

UK

Status of data collection

In Progress

Type of data being collected:

From private company

Unit of real-time data collection

Firms

Frequency

Daily