CPA's take: Millions of people are at risk of being laid off once again after the PPP ends. The US needs to focus on COVID relief but also reassuring medical and other supply chains immediately so Americans have a chance at better jobs than the ones they left.
Data as of August 1, 2020 at 5:00pm Eastern Daylight Time (EDT)
[JQI | August 4, 2020 | Job Quality Index]
Of workers who were placed back on payrolls after being initially laid off/furloughed as a result of the COVID-19 Pandemic Crisis, 31% report that they have been laid off a second time, and another 26% of those placed back on payrolls report being told by their employer that they may be laid off again. These results were surprisingly higher for workers in states that have not been experiencing recent COVID-19 surges, relative to those in surging states.
● 37% of respondents employed by third-party employers (i.e. not self-employed) have been laid off/furloughed – at least once – since March 1, 2020.
● 57% of those initially laid off/furloughed reported being put back on payroll sometime after their initial dismissal, but 39% of such respondents say they were put back on payroll yet were not asked to return to actual work.
● The research team used a unique methodology such that each day from July 23-August 1, a new set of randomly engaged Americans, including those that have never answered a survey before, was asked the same question set. The results remained consistent throughout the period, despite the unique set of respondents each day.