Still, the disappointing jobs report suggested it will take longer than economists expected to claw back all of the jobs lost during last year’s recession. It will likely take more than two years for the United States to return to full employment, many economists say. ADADWhile the job market is sagging under the pandemic’s weight, the economy is expected to roar back in the second half of the year. An additional 15.8 million people said they had been unable to work because their employer closed or lost business due to the pandemic. Although job growth is expected to be robust once large numbers of Americans are vaccinated, the economy at year end will still be short roughly 4 million jobs, he said.

Source: Washington Post January 08, 2021 13:34 UTC