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It could take 4 years to recover the 22 million jobs lost in the US during the early months of the COVID-19 pandemic, Moody’s warns

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The 22 million jobs that were lost in the US during the early months of the COVID-19 pandemic won’t be regained until early 2024, according to Moody’s Analytics’ chief economist.

The coronavirus pandemic has ravaged the US job sector: Nearly 69 million filings for unemployment benefits have been made since the pandemic slammed the US economy in March. Continuing claims, which track Americans receiving unemployment benefits, fell to 6.1 million for the week that ended November 14.

Mark Zandi said in a November 29 note from the analytics company, part of ratings giant Moody’s, that it details ⇒

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