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Employment down 30% Employment among the bottom third of earners is still down 30% from pre-pandemic levels, according to Opportunity Insights, a joint project between Harvard University and Brown University. (Such workers make less than $27,000 a year.) By comparison, the highest-paid workers (who earn more than $60,000 a year) have fully regained their lost jobs, according to Opportunity Insights. That slow comeback for the bottom tier is largely due to concentrated pain in industries that tend to employ low-wage workers, according to Betsey Stevenson, a professor of public policy and economics at the University of Michigan. We re still not dining out as much as we previously did. We re still not going to the gym in person as much as we did, or traveling as much as we did, said Stevenson, a former chief economist at the U.S. Labor Department during the Obama administration.

United statesJerome powellStan veugerAaron sojournerBetsey stevensonBureau of labor statisticsFederal reserveUs labor departmentUniversity of michiganAmerican enterprise instituteCouncil of economic advisersHarvard universityUniversity of minnesotaBrown universityOpportunity insightsAfrican american