June 9, 2020
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.