The U.S. economy has recovered 75 percent of the 4 million workers who stopped working due to retirements, lack of childcare and health concerns. But some industries are still struggling.
More workers than expected
participation rate and the size of each industry, as a share of the labor force, were the same as in March 2019. “The big question has been: When will the labor market get back to where we it was before the covid crisis?,” Amanda Cage, chief executive of the National Fund for Workforce Solutions. “The good news is that we’re getting back to those pre-pandemic levels. But the dynamics of where people have returned to are drastically different, which has huge implications for industries.”graduated from film school last summer and finally landed a job last week, as a cook at her twins’ preschool.
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