All Star Economic News

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“Permanent Job Losers” No Better Off Than Last Summer. But Most of the 18 Million Job Losers on Temporary Layoffs Are Working Again

Bringing back permanent job losers took years the last two times, and it hasn’t even started yet.
By Wolf Richter for WOLF STREET.
Employers reported that they have added 916,000 workers to their payrolls in March, and 1.62 million over the past three months (green line in the chart). This brought the total number of jobs at “establishments” – companies, governments, and nonprofits – to 144.1 million, still down 8.4 million jobs from February 2020, according to the Bureau of Labor Statistics this morning.

Households reported that 609,000 more people were working in March than in February, including gig work, and that over the past three months 1.02 more million more people were working compared to the end of the year, bringing the total number of workers to 150.8 million, still down by 7.9 million from February 2020 (green line):

See: https://wolfstreet.com/2021/04/02/permanent-job-losers-no-better-off-than-last-summer-but-most-of-the-18-million-temporary-job-losers-are-working-again/