High U.S. unemployment, 2.5 million jobs lost through 2021: survey by hpschneider
FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease , at an Arkansas Workforce Center in Fayetteville, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford
Fewer than 2 million of those positions will be recovered by the end of 2021, the economists expect, pushing the unemployment rate above 6 percent for the next 21 months in a massive blow to a labor market that had been considered among the best for workers in decades. “Conditions will improve by the end of the year with support from aggressive fiscal and monetary stimulus,” she said, with annualized growth near 6% by year’s end.
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