Date of Award
5-1-2024
Degree Name
Master of Science
Department
Agribusiness Economics
First Advisor
Moon, Wanki
Abstract
The influence of the COVID-19 pandemic on unemployment rates in several US locations is examined in this research article. We investigate the intricate relationships between COVID-19 cases, mortality, GDP per capita, and unemployment rates through a thorough study of the data. The study sheds insight into the complex interaction between health crises and labor markets by revealing considerable differences in how these factors affect unemployment in various geographic locations.Unexpectedly, key findings show that places with higher COVID-19 cases frequently have lower unemployment rates. This trend is related to several variables, including critical sectors and public health activities. The positive correlation between increased COVID-19 deaths and increased unemployment highlights the significant economic impact of the COVID-19 pandemic. The findings suggest that the relationship between GDP per capita and unemployment rates during the COVID-19 pandemic varied across different regions of the United States. These findings have broad ramifications, highlighting the connection between the economy and public health. Policymakers are urged to consider regional differences when creating focused measures to solve problems with the job market brought on by the pandemic. This study advances the knowledge of the COVID-19 pandemic's impact on the labor market. It emphasizes the value of concerted actions to save people's lives and way of life in times of crisis.
Access
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