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Chart showing how the coronavirus pandemic has hit the labor market - Business Insider

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One wonky chart shows how seriously the coronavirus pandemic has disrupted the labor market

The Beveridge curve shows that the coronavirus pandemic has disrupted the US labor market.

As the US economy recovers, it's likely that the Beveridge curve will shift back more in line with the general trend — the same thing that happened during the Great Recession, Bunker said. One wonky chart called the Beveridge curve shows just how much the coronavirus pandemic has hit the US labor market.

Part of this is likely due to the high number of temporary layoffs the US is seeing from coronavirus pandemic lockdowns, Nick Bunker, an economist at Indeed, told Business Insider. During lockdowns, employers didn't post open positions to account for the workers they had to furlough or lay off. Instead, they waited for the economy to reopen so they could recall their workers with a simple phone call or text — something that happened to an extent in May,Renowned strategist Tom Lee nailed the market's 40% surge from its worst-ever crash. Here are 17 clobbered stocks he recommends for superior returns as the recovery gains steam.

 

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