Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

COVID-19 Unemployment Rate Trend Analysis

Authors
Weijia Li1, , Zekun Wu2, *, , Wentao Xin3,
1La Reina High School, Thousand Oaks City, California State, United States
2University of Rochester, New York State, United States
3Guangdong Country Garden School, Foshan City, Guangdong Province, China

These authors contributed equally.

*Corresponding author. Email: zwu44@u.rochester.edu
Corresponding Author
Zekun Wu
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.433How to use a DOI?
Keywords
COVID-19; The unemployment rate; Trend analysis
Abstract

During the outbreak of COVID-19, the global economy continued to decline, GDP continued to decline, many companies were unable to operate funds and faced bankruptcy, and economic trade shrank. The labor market in the United States has also been severely affected. The financial situation is declining. The unemployment rate has continued to rise, reaching the highest level since the Great Depression in the United States. The epidemic has restricted people’s travel, and the service industry has also been affected. Public places in many cities have been closed, and companies have laid off many employees. This has led to a sharp rise in the unemployment rate, which is also one of the reasons for the economic downturn.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.433How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Weijia Li
AU  - Zekun Wu
AU  - Wentao Xin
PY  - 2022
DA  - 2022/03/26
TI  - COVID-19 Unemployment Rate Trend Analysis
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2659
EP  - 2665
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.433
DO  - https://doi.org/10.2991/aebmr.k.220307.433
ID  - Li2022
ER  -