Has the US Labor Market Undergone a Major Realignment? | Presented by CME Group
November 21, 2024
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1:03Now PlayingHas the US Labor Market Undergone a Major Realignment? | Presented by CME Group
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as posted by the channelThe upheaval wrought by the pandemic had an unsurprising impact on US unemployment, with the jobless rate spiraling to 14.8% at the height of lockdowns. Instead, it was the extent of the rebound that surprised economists, with unemployment falling back below 4% by December 2021, and remaining there until May of 2024 an unprecedented low compared to the postwar average of 5.8%. Will the US labor market eventually return to preCovid norms, or has it experienced a fundamental structural change? Presented by @cmegroup #shorts
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