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A hot job market continues to seek out teenagers. But will that hurt their academics and long-term job prospects?
Economists point to structural racism and a lack of access to training and transportation among the factors.
But it could take more than a year to get back to pre-pandemic levels.
Employers added 916,000 jobs in March and the unemployment rate fell to 6% as vaccination spreads and the economy reopens.
Three economists share statistics that depict the depth and length of the COVID-19 recession.
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
The tepid increase followed a decline of 227,000 jobs in December, the first loss since April.
The latest COVID relief package will have a positive effect on the economy as soon as this month.
No state lets people stay on unemployment benefits for more than 26 weeks.
In parts of the South Bronx, the unemployment rate was estimated to be nearly 30% in August. Nationwide, it’s a little less than 8%.