Leland D. Crane
Federal Reserve Board of Governors
Loding Complete
Explore Research
New This Week
Author(s) - David Autor, David Cho, Leland D. Crane, Mita Goldar, Byron Lutz, Joshua K. Montes, William B. Peterman, David D. Ratner, Daniel Villar Vallenas & Ahu Yildirmaz
The Paycheck Protection Program (PPP), a principal element of the fiscal stimulus enacted by Congress during the COVID-19 pandemic, aimed to assist small businesses to maintain employment and wages during the crisis. We use high-frequency administrative payroll data from ADP--one of the worlds...
Author(s) - David Autor, David Cho, Leland D. Crane, Mita Goldar, Byron Lutz, Joshua K. Montes, William B. Peterman, David D. Ratner, Daniel Villar Vallenas & Ahu Yildirmaz
The Paycheck Protection Program (PPP) provided small businesses with roughly $800 billion dollars in uncollateralized, low-interest loans during the pandemic, almost all of which will be forgiven. With 93 percent of small businesses ultimately receiving one or more loans, the PPP nearly saturated...
July 1, 2020 - Article
Author(s) - Tomaz Cajner, Leland D. Crane, Ryan A. Decker, John R. Grigsby, Adrian Hamins-Puertolas, Erik Hurst, Christopher Kurz & Ahu Yildirmaz
In the first three months, employment fell 30 percent for those in the bottom quintile of the wage distribution, compared with a 5 percent drop among those in the top quintile. T he first few months of the COVID-19 pandemic saw a historic decline in employment in the United States. More than a fifth...
Author(s) - Tomaz Cajner, Leland D. Crane, Ryan A. Decker, John Grigsby, Adrian Hamins-Puertolas, Erik Hurst, Christopher Kurz & Ahu Yildirmaz
Using weekly administrative payroll data from the largest U.S. payroll processing company, we measure the evolution of the U.S. labor market during the first four months of the global COVID-19 pandemic. After aggregate employment fell by 21 percent through late-April, employment rebounded somewhat...
July 9, 2019 - Chapter
Author(s) - Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas & Christopher Kurz
This paper combines information from two sources of US private payroll employment to increase the accuracy of real-time measurement of the labor market. The sources are the Current Employment Statistics (CES) from BLS and microdata from the payroll processing firm ADP. We briefly describe the ADP...
Author(s) - Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas & Christopher Kurz
This paper combines information from two sources of U.S. private payroll employment to increase the accuracy of real-time measurement of the labor market. The sources are the Current Employment Statistics (CES) from BLS and microdata from the payroll processing firm ADP. We briefly describe the ADP...
Show: results