USA TODAY: US Economy on Brink of Recovering Pre-COVID-19 Job Numbers, but More Than Half of Industries Lag

Paul Davidson

USA TODAY

One in six U.S. industries have not recovered from a jobs decline of 10% or more post-pandemic

Key Points

  • The economy will recover all jobs lost during COVID this summer.

  • The result is uneven, though.

  • Warehouse and courier jobs, for example, are boosted by new habits.

The U.S. is on pace to recover all 22 million jobs wiped out in the COVID-19 recession as early as July, but the milestone will obscure sharp differences among industries and an economy transformed by the crisis.

Industries that have thrived during a pandemic that has kept Americans working and playing at home for long stretches – such as e-commerce, technology and professional services – already have reached or topped their pre-COVID-19 payrolls…

https://www.usatoday.com/story/money/2022/05/19/jobs-covid-recovery-economy-payrolls/9815663002/?gnt-cfr=1

Previous
Previous

AXIOS: America's New Labor Market

Next
Next

New Burning Glass Institute Report: Jobs Numbers Hide Significant Shifts in the Economy