<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

The Impact of Long COVID in the Labor Market

The Impact of Long COVID in the Labor Market

1.5 minute read

A U.S. Census Bureau survey found that 16.3 million working-age Americans currently have long COVID. Long COVID is the long-term effects stemming from the COVID-19 infection. About 25.9% of people with long COVID reported that their condition affected their employment or working hours. Most remain employed but work fewer hours compared to their long COVID-free counterparts.

The number of workers with long COVID who are kept out of the workforce is between 2-4 million. If we took the midpoint of 3 million, that would equal 1.8% of the entire U.S. workforce. Based on the average U.S. wage of $1,106 per week, it’s estimated that with 1.8% of the workforce out of work due to long COVID, around $170 billion a year will be lost in unearned wages.

With so many out of work, employers should continue to monitor trends such as long COVID rates, the effect long COVID had on their workforce’s productivity, and other related issues so they can be prepared to respond effectively. Download the bulletin for more details.

 

Additional Resource

Understanding Long COVID Infographic

 

This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.

Subscribe to Our Newsletter

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

New Medicines Seeing Record-High Prices
September 14, 2022
Inclusive Employee Benefits
September 14, 2022
Erin Woulfe

Erin Woulfe

Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization, or providing tips and how-to’s to help them make their job easier.”