Gone for good? Evidence signals many jobs aren’t coming back
Associated PressWASHINGTON — Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed significantly after a brief rebound in the spring. Michelle Holder, a labor economist at John Jay College, said it’s unlikely that many retail workers and others whose jobs are gone for good will find work this year, given that the viral outbreak will hold back hiring until a vaccine is widely available. “We’re kind of past the stage where we’re quickly recalling workers to their old jobs,” Davis said, “and getting to the stage that people will need to get new jobs at new companies or in new industries.” It is a trend that points to a grinding, sluggish recovery. Allegra Troiano initially thought her layoff in May from a company that provides English language instruction would last only through the summer and that she’d be recalled as the school year began. Looking toward Friday’s report, researchers at the St. Louis Federal Reserve have analyzed data from Homebase, a provider of scheduling software to small businesses, and concluded that job growth weakened in July compared with June.
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