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14 Oct. 2020 | Comments (0)
We react to the September jobs report and then discuss the Post-COVID US Labor Market and what we can we expect in 2025. The COVID-19 pandemic and reduced consumption due to social distancing is driving the deepest economic recession since the Great Depression. As consumers remain reluctant to spend and as layoff announcements pick up, US employment will be slow to recover to pre-pandemic levels in the near term.
But eventually, a vaccine will be found, and the fear of the virus will dissipate. How different will the US economy and labor market look five years from now?
Join our panel of economists from The Conference Board—Gad Levanon, Vice President Labor Markets, Elizabeth Crofoot, Senior Economist, and Frank Steemers, Economist—as they address the following critical questions:
- What are the main COVID-19 related economic trends that will impact the US economy and labor market in the long-term?
- What will be the most disrupted US industries and occupations by 2025?
- How will the growing shift to online everything—from the rise in remote work to growing online purchasing and delivery—affect the demand for labor?
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