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NATIONAL BUREAU OF ECONOMIC RESEARCH
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The U.S. Labor Market during the Beginning of the Pandemic Recession

Tomaz Cajner, Leland D. Crane, Ryan A. Decker, John Grigsby, Adrian Hamins-Puertolas, Erik Hurst, Christopher Kurz, Ahu Yildirmaz

NBER Working Paper No. 27159
Issued in May 2020, Revised in June 2020

---- Acknowledgments ----

We thank Matthew Levin, Mita Goldar, and Sinem Buber from ADP for their support. As part of the University of Chicago data use contract, ADP reviewed the paper prior to distribution with the sole focus of making sure that the paper did not release information that would compromise the privacy of their clients or reveal proprietary information about the ADP business model. The views expressed in the paper are the authors' and do not necessarily reflect the views of ADP or the National Bureau of Economic Research. Additionally, the analysis and conclusions set forth here are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors.

---- Disclosure of Financial Relationships for Erik Hurst ----

Per the University of Chicago's agreement to use the ADP data, ADP approved the paper topic ex-ante. Additionally, ADP reviewed the paper prior to our distribution with the sole focus of making sure that the paper did not release information that would compromise the privacy of their clients or would reveal proprietary information about the ADP business model. I have no additional financial relationships to disclose.

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