Cost of lost work hours associated with the COVID‐19 pandemic—United States, March 2020 through February 2021
Abay Asfaw
Abstract
INTRODUCTION: Of the 22.8 million coronavirus disease 2019 (COVID-19) cases recorded in the United States as of March 21, 2021 with age information, three-fourths were in the workingage group, indicating the potentially high economic impact of the pandemic. This study estimates the cost of lost work hours associated with the COVID-19 pandemic between March 2020 through February 2021. METHOD: I used a before-and-after analysis of data from the 2017-2021 Current Population Survey to estimate the costs of lost work hours due to economic, workers' own health, and other reasons, from the COVID-19 pandemic. RESULTS: Across March 2020 through February 2021 (a year since the start of the pandemic in the United States), the estimated cost of lost work hours associated with the COVID-19 pandemic among US full-time workers was $138 billion (95% confidence interval [CI]: $73.4 billion-$202.46 billion). Shares of the costs attributed to economic, workers' own health, and other reasons were 33.7%, 13.7%, and 52.6%, respectively. CONCLUSION: The $138 billion cost of lost work hours associated with the COVID-19 pandemic during March 2020 through February 2021 highlights the economic consequences of the pandemic, as well as indicating the potential benefit of public health and safety interventions used to mitigate COVID-19 spread.