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COVID-19 And Unemployment Rate
De Oliveira, Brandon De Oliveira, Brandon
De Oliveira, Brandon
De Oliveira, Brandon
Title
COVID-19 And Unemployment Rate
Date
2024-05-01
Subject
Covid
Unemployment rate
2020
2022
Factors
Correlation
Unemployment rate
2020
2022
Factors
Correlation
Material type
Collections
Files
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deoliveirabrandon.pdf
Adobe PDF, 547.25 KB
Abstract
Covid-19 affected the unemployment rate in the United States to an enormous extent which has crippled the economy. Covid-19 contributed to worsening the factors that contribute to the unemployment rate. These factors in themselves are the combination of independent variables that influence the average citizen or are the results of their decisions. This information is important to understand for the economic/financial impact for the United States in future scenarios. This paper hypothesizes that the desire to be safe from a virus in a population will be a large contributor to the unemployment rate. The desire to be safe is represented by those that never or rarely use their masks when they go outside. The most direct method of Covid’s effect on the market being the death rate of Covid. While unemployment rate’s other various factors are involved as well, examples being Trump voters, populations age, and education. The years of these variables will be from 2020 and 2022 in order to compare the lasting impact. From the population of the US this information will be taken from by county. All of the numerical data is organized in excel, where regressions are made amongst factors. This constant use of regression is to prove the significance of connection between Covid-19 and unemployment rate. Alternatively, some of these factors were very related to one another and must be identified to not confuse the ultimate regression. Results have shown political alignment of Trump voters' correlation between the unemployment rate compared to the others. With the desire to be safe having little effect compared to Trump voters. The implications of this shows that in order to help combat future cases of a Pandemic of deadly disease, the political leanings of the United States should be a bit more united.
Duration
Location
Advisor
Sponsor
Course
Department
Economics
Degree
Bachelor of Arts (BA)