Apr 30, 2021
It could take quite a while for the labor market to recover from COVID
Play • 28 min

The economic recovery is showing up in a big way: GDP is nearly back to pre-pandemic levels, and consumer confidence is improving as more Americans are vaccinated. There’s been a surge in consumer spending, driven by record-setting personal income — pumped by relief checks and more Americans getting back to work. About that “getting back to work” part. We’ll see the April jobs report next week, and it’s expected to be very strong. Still, the number of jobs in the U.S. economy is nowhere near pre-pandemic levels, and it could take a while to get there. Also on today’s show: how New York businesses are getting ready to reopen, more companies are incentivizing vaccination and how the U.S. is trying to reclaim its rare-earth mantle.

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