Affiliations: [a] Federal Reserve Bank of Boston, MA, USA | [b] University of Arizona, Tucson, AZ, USA | [c] Yale University, New Haven, CT, USA | [d] Stanford University, Stanford, CA, USA | [e] YouGov, London, UK
Correspondence:
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Corresponding author: Christopher L. Foote, Research Department, Federal Reserve Bank of Boston, Boston, MA, USA. Tel: +1 617 973 0377; E-mail: chris.foote@bos.frb.org.
Abstract: This study presents the results of a rapid, low-cost survey that collected labor market data for individuals in the United States during the COVID-19 pandemic. The Yale Labor Survey (YLS) used an online panel from YouGov to replicate statistics from the Current Population Survey, the government’s main source of household labor market statistics. The YLS’s advantages include its timeliness, its low cost, and its ability to develop new questions quickly to study labor market patterns during the pandemic. The results of the YLS show that online surveys can be used to gather economic and demographic data with reasonable accuracy and at low cost. Such surveys can therefore be useful complements to less-frequent government surveys, particularly when the labor market is stressed and real-time data are especially valuable.
