Main

Output region

Change in Employment1

 By Scenario    By Industry

 Benchmark vs Selected Portfolio
  Actual Actual Actual Forecast Forecast Forecast Forecast Forecast 2019Q4 2019Q4
 All States 		2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 to 2020Q4 to 2021Q4
      Full Recovery 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
      Slower Growth 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
      Second Recession 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
 Selected Portfolio
      Full Recovery 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
      Slower Growth 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
      Second Recession 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Source: US Bureau of Labor Statistics; NCCI
1 Private employment in thousands, not seasonally adjusted

State Panel

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Intended Use: These calculations model potential changes in employment under updated versions of the three scenarios described in NCCI’s Quarterly Economics Briefing:  As US Employment Recovers From COVID-19, Services and States Are Key. Scenarios are calibrated using information from Congressional Budget Office and Moody’s Analytics (see QEB for details).
This resource is provided solely as a reference tool to be used for informational purposes only. The information in this resource shall not be construed or interpreted as providing legal or any other advice. Use of this resource for any purpose other than as set forth herein is strictly prohibited.