Economic Nightmare: Nearly 50 Percent of All the Jobs Lost During the Covid-19 Pandemic “May Be Gone Permanently”

by Michael Snyder
The Economic Collapse Blog

When millions of Americans were losing their jobs at the beginning of this pandemic, we were told not to worry because the lockdowns were just temporary and virtually all of those workers would be going back to their old jobs once the lockdowns ended. Well, now we are finding out that was not even close to true. Over the last 18 weeks, more than 52 million Americans have filed new claims for unemployment benefits, and a very large percentage of them are dealing with a permanent job loss. In fact, one brand new survey discovered that 47 percent of all unemployed workers now believe that their “job loss is likely to be permanent”. The following comes from a USA Today article entitled “Almost half of all jobs lost during pandemic may be gone permanently”

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