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The unemployed may never come back. Here’s what that means for the economy.

Woman in factory

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The US economy has been on a rampage all summer, with growth, consumer demand, wage growth, and job openings all at historically high levels as the country reopened.

But there’s a strange divide in the recovery, and how it works itself out could define the rest of the decade. There’s a split between the recovery of GDP and employment. The first is recovering much faster than the latter.

Both total economic output, as measured by real gross domestic product, and the number of Americans with jobs plummeted last spring, and both have details ⇒

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