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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines