How long unemployment will remain high without a leisure bailout - Business Insider

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A chief economist at a major jobs site lays out the best way to understand the labor 'reallocation,' and why we're in the 'temporary' middle phase

Though consumer spending on restaurants and travel has decreased since March, demand will pick back up after a vaccine allows for large crowds to gather safely.

But these jobs may not be gone for good — and another key question isn't whether they'll come back, but how long that recovery will take. , predicted, first in a Twitter thread and later in an interview with Business Insider, that while the hospitality workforce has been "reallocated" away from restaurants and hotels, these job changes likely won't be permanent.

 

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