The US unemployment rate won't return to its pre-pandemic level this decade - Business Insider

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The US unemployment rate won't return to its pre-pandemic level this decade, according to the government's official scorekeeper

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Congressional Budget Office forecasted that the unemployment rate will not fall below the 3.5% it once was in February 2020 for the rest of the decade.

Before the pandemic swept the US, unemployment stood at 3.5% in February 2020, a half-century low. The analysis suggests that many people could struggle to find work or re-enter the labor force even after the coronavirus outbreak is contained with vaccinations. Still, economists are urging additional federal relief to prevent long-term damage to the US economy.

 

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Why work when you can stay home and collect a check?

Unless the most hated Trump comes back.

Funny. We'll be there Q1, 2022. The boom on the immediate horizon will be historical.

$5 trillions and trickle down economics...it’s a vicious cycle.

Oh, nonsense.

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