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For a lot of people, the last year has been weird, from a tax standpoint.
One in three unemployed workers has pursued more education or job training while out of work, the Pew Research Center says.
The 12.5 million jobs deficit, the 3.9 million low-wage service jobs gone, the 23 million un- and underemployed.
This has many economists predicting the economic pain of the pandemic will last long after the economy “recovers.”
Job openings are back to where they were a year ago. But the labor market needs more to recover.
Half of workers could earn more for similar work, says Philadelphia Fed President Patrick Harker.
“It’s not as good as the $600, obviously, but it’s better than nothing.”
The pandemic has largely halted tourism, and Manu Powers has had to lay off most of her staff.
The number of people showing up for free hot meals has more than doubled since the pandemic began, the CEO of HOPE South Florida says.
Some businesses in Newman Grove, Nebraska, have been booming as fewer people leave town to shop. Also, the region’s agriculture economy remains healthy.