Monday, June 13, 2022

Post-pandemic, the US private sector is almost all the way back

Via Axios, this economic news: 

Stunning stat: The private sector has recovered 99% of all jobs lost, but public sector has regained just 58% — one illustration of the gaping hole that persists in certain areas of the economy.

Other industries have recovered and then some: the transportation and warehousing sector — think package couriers or truckers — has never made up a bigger share of the workforce, reflecting, for one, the historic appetite for goods.

The manufacturing sector is currently 17,000 positions short of its pre-pandemic peak (so close to 99%?), and that's where chemists mostly are. 

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