Media Relations Office

On Friday, the U.S. Bureau of Labor Statistics will release figures for unemployment in the month of July. Erica Groshen is a senior labor economics advisor at the Cornell University School of Industrial and Labor Relations. She is a former commissioner of the U.S. Bureau of Labor Statistics and vice president of the Federal Reserve Bank of New York, and has written extensively on how economies can recover from recessions.

Economics and Business

Industrial and Labor Relations

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On Thursday, the U.S. Bureau of Labor Statistics will release figures for unemployment in the month of June. Cornell experts Erica Groshen and Murillo Campello are available for interviews about the report and the challenges facing the U.S. job market.

Economics and Business

Industrial and Labor Relations

Cornell SC Johnson College of Business

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Andrew Karolyi, professor of finance and economics at the SC Johnson College of Business, and Erica Groshen, a faculty member at the School of Industrial and Labor Relations, comment on the release of first quarter GDP estimates.  

Economics and Business

Law and Policy

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On Friday, the Bureau of Labor Statistics (BLS) will release unemployment figures for the month of May. The report will shed light on a crucial period of coronavirus-related lockdowns, mid-April to mid-May, and the devastating economic consequences for workers across the country. Daniel Alpert, senior fellow and adjunct professor of macroeconomics at Cornell Law School, and Erica Groshen, senior extension faculty member at the Cornell University School of Industrial and Labor Relations, offer their analysis. 

Economics and Business

Industrial and Labor Relations

Law School

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With states across the U.S. taking steps towards reopening businesses, local health officials have offered guidance on what employers ought to do to keep returning employees safe. Nellie Brown, director of workplace health and safety programs at Cornell University’s School of Industrial and Labor Relations, says that while risk cannot be reduced to zero, the safety standards businesses put in place today will help workplaces reduce the spread of many diseases, not just Covid-19.

Industrial and Labor Relations

Economics and Business

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As businesses countrywide start to reopen, industries are struggling to come up with safety standards to reassure consumers. Within the hospitality sector, the American Hotel & Lodging Association recently released their recommendations, the Safe Stay initiative, for how hotels can enhance their safety protocols in COVID-19 times. Kate Walsh, dean of Cornell University’s School of Hotel Administration, is an expert on hospitality management. 

Economics and Business

School of Hotel Administration

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The U.S. Department of Labor reported on Thursday that 4.4 million workers filed new unemployment claims last week, bringing the total number of claims to 26 million in just five weeks. Erica Groshen says that today’s data reinforces forecasts of a Great Depression-level unemployment rate by the end of April.

Economics and Business

Industrial and Labor Relations

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Tesla has backtracked on a plan to have some workers to return to work before San Francisco Bay area stay-at-home orders are scheduled to expire. The company, expected to report quarterly earnings on Wednesday, said production at its Fremont, California plant will not resume this week. Arthur Wheaton says management is trying to save the company from bankruptcy, but opting for an early opening would be risky and possibly illegal.

Economics and Business

Industrial and Labor Relations

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Robert Hockett, professor of law and an expert in financial and monetary law and economics, Will Cong, professor of finance and an expert on financial technology, innovation and entrepreneurship, and Emin Gün Sirer, professor of computer science and founder and CEO of AVA, comment on the future health of Bitcoin as it approaches a slowing of its token creation rate, known as a halving.

Law and Policy

Economics and Business

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On Friday, the U.S. Department of Labor is expected to release figures for April’s unemployment rate. The report is likely to show the devasting impact of the coronavirus lockdowns on the economy, with the unemployment rate estimated to be over 16% – a record high in U.S. history. Cornell experts, Erica Groshen and Michael Waldman, are available to break down this week’s figures and help explain what a future recovery would look like.

Economics and Business

Industrial and Labor Relations

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