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UID:20260415T045001EDT-7183wWk97D@132.216.98.100
DTSTAMP:20260415T085001Z
DESCRIPTION:'The Impact of COVID-19 on Small Business Employment and Hours:
  Real-Time Estimates With Homebase Data'\n\nA webinar by Etienne Lalé\, De
 partment of Economics\, Université du Québec à Montréal\n\nJune 16th\, 202
 0 at 1pm\n\nhttps://mcgill.zoom.us/j/94489074143\n	Meeting ID: 944 8907 414
 3\n\nSummary: We use worker-firm matched daily data from Homebase\, a sche
 duling and time clock software provider\, to construct new real-time estim
 ates of the impact of the COVID-19 pandemic on employment and hours worked
  of small businesses in service-providing industries. We find four key res
 ults: (1) employment of small businesses in the service sectors hit hardes
 t by the pandemic contracted by an estimated 23 million since mid-February
  – a staggering 60% decline\; (2) almost half of this decline is due to bu
 siness closures\; (3) about one third of closed businesses have reopened\,
  but their employment remains far below pre-crisis levels\; (4) average we
 ekly hours declined sharply in the second half of March but have since lar
 gely recovered\, although less so for temporarily furloughed employees. Th
 e results suggest that the official establishment estimates from the BLS e
 mployment report substantially underestimate the extent of the contraction
  because these estimates do not directly take into account the effects of 
 small business closures. The results also indicate first green shoots that
  point to the importance of small businesses reopening as a key factor for
  the recovery.\n
DTSTART:20200616T170000Z
DTEND:20200616T180000Z
SUMMARY:Webinar - Etienne Lalé - 'The Impact of COVID-19 on Small Business 
 Employment and Hours: Real-Time Estimates With Homebase Data'
URL:https://www.mcgill.ca/popcentre/channels/event/webinar-etienne-lale-imp
 act-covid-19-small-business-employment-and-hours-real-time-estimates-32253
 9
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