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Study: Recession brought on by COVID-19 disproportionately affecting women
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Where The Jobs Are, And Where They ll Be
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America s job market crumbled in 2020. Here s what to expect for the New Year CNN 12/30/2020 © Angus Mordant/Bloomberg/Getty Images
The US labor market is at a pivotal point 10 months into the pandemic: Millions of people remain unemployed while infections keep rising, and the fledgling jobs recovery has stalled out.
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When President-elect Joe Biden moves into the White House next month, he will inherit a labor market on the ropes. In just two months, America s jobless rate went from a near-50 year low of 3.5% to 14.7% the highest level on record in April.
Over the summer, the job market recovery looked decent, steadily chipping away at the more than 22 million jobs lost during the pandemic. But the jobs recovery has turned anemic in recent months.
Joe Biden is inheriting a huge problem from Donald Trump: America s job recovery is stuck in a rut
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