Workforce Development News – March 8, 2021

By on March 8, 2021
Growing Share of Americans Say They Plan To Get a COVID-19 Vaccine

A weekly collection of articles on workforce development, employment and training, business performance improvement, leadership, higher education, and the economy.

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Labor Market Weaker Than Headline Numbers Suggest

“Private and government employers have 10 million fewer jobs on their payrolls than they did in February 2020 — a jobs deficit larger in percentage terms than in the worst of the Great Recession.”
https://www.cbpp.org/research/economy/labor-market-weaker-than-headline-numbers-suggest

Virus Did Not Bring Financial Rout That Many States Feared

“Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic — sometimes a lot more.”
https://www.nytimes.com/2021/03/01/business/covid-state-tax-revenue.html

A Year Into the Pandemic, Long-Term Financial Impact Weighs Heavily on Many Americans

“Roughly half of non-retired adults say the economic consequences of the coronavirus outbreak will make it harder for them to achieve their financial goals.”
https://www.pewresearch.org/social-trends/2021/03/05/a-year-into-the-pandemic-long-term-financial-impact-weighs-heavily-on-many-americans/

Federal Reserve Beige Book – March 2021

St. Louis data: “Firms continue to report mixed changes in employment levels. Firms reported difficulties attracting candidates for positions despite increasing wages. outlooks continued to improve and are generally optimistic. Most cited a high degree of uncertainty about the pace of recovery, which related primarily to the pace and efficacy of vaccinations.”
St. Louis: https://research.stlouisfed.org/publications/regional/beige-book
https://www.federalreserve.gov/monetarypolicy/beigebook202103.htm
PDF version: https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20210303.pdf

Growing Share of Americans Say They Plan To Get a COVID-19 Vaccine – or Already Have

“77% think vaccinations will benefit U.S. economy.”
https://www.pewresearch.org/science/2021/03/05/growing-share-of-americans-say-they-plan-to-get-a-covid-19-vaccine-or-already-have/

Race and Jobs at Risk of Being Automated in the Age of COVID-19

“How will the acceleration of automation, spurred by the COVID-19 pandemic, directly affect Black and Hispanic workers, communities and institutions?”
Report: https://www.brookings.edu/wp-content/uploads/2021/03/Automation_LO_v7.pdf

One Year In, COVID-19’s Uneven Spread Across the U.S. Continues

“The analysis tracks how COVID-19 has spread across regions, states, and counties over the past year, with an eye toward understanding the context of the most recent outbreaks.”
https://www.brookings.edu/research/one-year-in-covid-19s-uneven-spread-across-the-us-continues/

The Vaccine Race Against the Coronavirus Variants

“Covid-19 vaccines are here. So are new mutations. Here’s what you should know.”
https://www.vox.com/22298973/covid-19-vaccine-mutation-coronavirus-variant-moderna-pfizer-johnson

College Freshman Enrollment Drops during Pandemic

“First-time college enrollment fell in 2020 as health and online learning concerns arose during the COVID-19 pandemic. The overall drop could be attributed to students delaying their enrollment at least until spring 2021.”
https://www.stlouisfed.org/publications/regional-economist/first-quarter-2021/college-freshman-enrollment-drops-pandemic
https://www.stlouisfed.org/on-the-economy/2021/february/pandemic-dents-college-attendance

Working from Home Is Onstage and Here to Stay

“Firms increasingly favor a hybrid model for the postpandemic economy, whereby employees split the workweek between home and employer premises. In every major industry sector except retail and wholesale trade, firms anticipate that WFH will account for one-tenth or more of full workdays by full-time employees.”
https://www.frbatlanta.org/blogs/macroblog/2021/02/24/wfh-onstage-and-here-to-stay

Americans Born after 1985 Bear the Brunt of Lower Employment

“The most disproportionate effects were among men born after 1985. This group made up 22% of the population between 16 and 59 in 2020, but it accounted for 43% of the missing workers.”
https://www.stlouisfed.org/on-the-economy/2021/march/americans-born-after-1985-bear-brunt-lower-employment

An investment in knowledge pays the best interest.” – Benjamin Franklin

About Richard Schumacher

Richard Schumacher is the technology manager for the Workforce Solutions Group of St. Louis Community College. He connects, designs, and applies technology to meet business user needs with eLearning, training, web content, instructional design, IT system, and performance improvement solutions. Richard has held various Microsoft Certifications since 1993. Learn more about Richard by following him: LinkedIn - Twitter - Articles - Email

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