COVID-19 and labour market resilience: evidence from large-scale recruitment behaviour
构建理论模型解释新冠疫情的结构性冲击，利用中国380个城市20个行业2017年5月至2020年9月的月度招聘数据，分析企业招聘需求变化，发现疫情导致失业冲击和行业、城市层面的劳动力再分配，且地方劳动力市场韧性存在区域不平衡。
We construct a theoretical model to interpret the structural shock from the COVID-19 pandemic and the response of local labour market and industry specialization. The empirical study takes the large-scale online labour market of China to analyse firms’ hiring demand for 20 industries across 380 cities with monthly recruitment data from May 2017 to September 2020. Post-event quantitative analysis on job postings and employer demand highlighted that the pandemic resulted in an unemployment shock and industry- and city-level redistribution of the worker. China’s local job market resilience also revealed a regional imbalance, correlated with pandemic risk, city scale and industry structure.