Early Evidence on the End of Expanded Federal Unemployment Benefits

7.30.21. Noah Williams. Beginning in May a number of states announced that they would be ending participation in the federal enhanced and expanded unemployment benefit programs instituted during the COVID-19 pandemic. In total, 26 states decided to end their participation in these programs before their scheduled expiration in September. Due to limited data, this report focuses on the first four states that ended benefits on June 12, and the additional eight states that ended them on June 19.

Current Private Indicators on the Wisconsin Economy: Small Business Employment and Consumer Spending

7.22.21. Noah Williams. I use two private data sources to analyze the labor market and consumer spending in the state of Wisconsin. I first analyze labor market data from a sample of mostly small businesses. With the onset of the COVID-19 pandemic, by mid-April 2020 48% of these businesses were closed, with employment down 59%.

The Impact of Increased Unemployment Benefits During the COVID-19 Pandemic

4.1.21. Junjie Guo, Noah Williams, Arwa Alalwani, Zhi Jiang, Jiashun Pang, Stefan Smutny, Linhua Zeng. We analyze the effects of the 2020 CARES Act implementation on the local labor market. We use observations from the Homebase Database which provides granular labor market data from a sample of small businesses across the United States.

State and Local Government Revenue During the COVID-19 Pandemic

2.12.21. Noah Williams. While the early months of the COVID-19 pandemic put stress on the budgets of state and local governments around the country, their tax revenues have since rebounded. In addition, the federal government has already allocated substantial aid to these governments, which has more than offset the losses they have suffered.