Study finds 42% of pandemic layoffs will become permanent job losses
We are witnessing a massive shift in the economy in a very short period of time. The dislocations for people, particularly people of limited means, have been and will continue to be profound.
(From The Washington Examiner)
Forty-two percent of workers experiencing recent layoffs will suffer permanent job losses, according to a paper circulated by the National Bureau of Economic Research.
The finding is especially grim news because officials are hoping that most of the workers sent home during the pandemic will return quickly to their old jobs.