It’s official: We’re in a recession: Orazem

June 9, 2020
News

Peter Orazem, university professor, was interviewed for a June 9 Marketplace story, " It's official: We're in a Recession."

In previous recessions, economist Peter Orazem at Iowa State University said unemployed people jumped to other jobs in less-affected industries. But this has been a nearly universal shutdown.

“That’s going to make it much more difficult for people to shift from one job to another as a way of surviving the economic consequences of the pandemic,” Orazem said. That could make it even harder to recover, he said.

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