The rebound is still strong, but the downturn was so large that even small bumps in the road can seem dangerous. Hospitality, government, retail, business services, and healthcare are seeing the most growth following the outbreak. And even though new Labor Department data showed unemployment at 10.2% last month, that’s down from the high of 15% in April.
How long will it take for the economy to finally dig itself out of the big coronavirus pit? How much resiliency can the labor market really offer at this point? And when will optimism finally win the day again for sectors beyond those driven by pandemic spending?
Job Gains Surge then Slow, But Recovery Moves Onward
