Long Covid is distorting the labor market — and that's bad for the U.S. economy

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Millions of people may be out of work, cutting hours or changing the nature of their jobs due to long Covid. The dynamics pose headwinds to the U.S. economy.

, long Covid is reducing the supply of people able to fill those positions. The dynamic may have large and adverse effects on the U.S. economy.

"At a minimum, long Covid is adding a lot of uncertainty to an already very uncertain economic picture," Paige Ouimet, an economist and finance professor at the University of North Carolina,Mild symptoms, employer accommodations or significant financial need can all keep people with long Covid employed. But in many cases, long Covid impacts work.Katie Bach, a nonresident senior fellow at the Brookings Institution, has published one of the higher estimates to date.

That led the labor force participation rate to fall by 0.2 percentage points — which may sound small but amounts to about the same share as baby boomers retiring each year, according to the duo, respectively of the Stanford Institute for Economic Policy Research and the Massachusetts Institute of Technology.

About 26% of long-haulers said their illness negatively affected employment or work hours, according to a Julypublished by the Federal Reserve Bank of Minneapolis. Those with long Covid were 10 percentage points less likely to be employed than individuals without a prior Covid infection, and worked 50% fewer hours, on average, according to Dasom Ham, the report's author.

Those able to return, even part-time, sometimes face hostility from employers and co-workers, he added.

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Women just need more sex.

Perhaps the distortion is your misinformation?

Fear mongering fake news hoax

I have put my life and biz on hold from my Third COVID in July 22. I got the 2nd shot a month ago and am beginning my recovery

Weird this is only happening in the US

Long covid.. are all these people vaccinated?

미국 경제는 거시적 관점에서 곧 디플레에 들어설겁니다 미국 경제는 튼튼하지만 소득 하위 30%는 식량 위기를 겪을겁니다 제가 경고한 방향으로 세계가 움직입니다 답은 우크라이나 전쟁의 빠른 종식과 세계 식량 시장 과 원유 재고등의 재편을 통한 새 무역 질서 개편임

That’s why I’m short Covid, not long

methinks 'long covid' is more of a psychological condition

a patient for life 🤔

Please, stop blaming everything on Covid! There is no such thing as long Covid, you can get all those from something else. Be responsible for yourself and live a healthy life, then you will live longer!

The Biden administration is bad for the US economy

Why are so many people having breathing problems all of the sudden?

Thanks Fauci for making people feel this ill after you released Covid. A deadly disease you invented in China with tax money. And now you ought to be proud to see the deaths and disabilities you intended. What a hero.

Long Covid is a myth

Hypochondriacs

Hmmm is setting up America for the oncoming recession even though our President says we have a “red hot economy”?

So is obesity, diabetes, drug and alcohol addictions. Stop it!

Again with the negative. Time to unfollow.

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