4 years ago
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession
It’s a nice, rosy notion, but one that would strike anyone most workers as wishful—maybe the job losses incurred because of the coronavirus shutdown were largely temporary, and will come roaring back as soon as the economy ‘reopens.’ The reality is a lot more harsh. As weekly jobless claims skyrocket past 30 million in just a matter of weeks, a new study from the Becker-Friedman Institute at the University of Chicago offers a sobering assessment of the extent of permanent damage to the job market.
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