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Jobs in these industries won't come back even after the pandemic is over




The pandemic has shaken up the US workforce. Between February and April, more than 22 million jobs were lost. Including the 1,371,000 gain in August reported this morning, only 48% of those were recovered since April. And unfortunately, the pace of the rapid jobs recovery will not be sustained. The jobs reports later in 2020 are likely to show the recovery unfolding at a more modest pace. I do not expect the economy to add more than three million jobs for the rest of the year. Overall, employment will remain well below pre-pandemic levels for the rest of 2020 and into 2021.



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