One reason the labor market is so tight right now? Many workers died from COVID-19, Fed Chair Jerome Powell says.
This number includes older workers who left the labor force earlier than expected. "These excess retirements might now account for more than 2 million of the ... shortfall," he said.Overall, 1.09 million Americans lost their lives to COVID-19, according toThe role these deaths play in the economy often gets overlooked, possibly because it's so devastating to contemplate.
But when considering the state of the U.S. workplace, it's worth remembering that many Americans lost colleagues, friends and loved ones over the past few years. It's a toll that will take many years to understand
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