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Economic Take

Economic Take

Why the Job Market Is Recovering Slower Than GDP

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U.S. GDP has regained nearly 86% of the ground it lost to COVID-19 disruptions at the beginning of the year. For the job market to match this pace of recovery, 7.5 million more people would need to be employed by now. What factors are contributing to the gap between national output and employment numbers? Hint: It’s not all due to the pandemic.    

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