Covid Shrinks the Labor Market, Pushing Out Women and Baby Boomers

Posted on AllSides December 3rd, 2020
From The Center

Since spring lockdowns were lifted, the demand for workers has snapped back faster than many economists expected. Between April and October the unemployment rate fell by more than half, to 6.9%, undoing more than two-thirds of its initial rise.

But unemployment data overstates the health of the labor market because the supply of people either working or looking for a job has declined. The U.S. labor force is 2.2% smaller than in February, a loss of 3.7 million workers.

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Wall Street Journal (News)

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https://www.wsj.com/articles/covid-shrinks-the-labor-market-pushing-out-women-and-baby-boomers-11607022074

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