New Becker-Friedman wp finds 20 million job losses, but says unemployment rate hasn't changed much b/c people have left labor force. Their main explanation is early retirements, which doesn't make sense to me. https://bfi.uchicago.edu/wp-content/uploads/BFI_WP_202041.pdf …
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Retirements as an explanation doesn't make sense to me -- could all of these new retirees be filing the 16 million UI claims? And the industries with the most layoffs -- restaurants, retail --- are jobs for young people.
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