The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery from Covid-19. By the end of August, the labor market will have fully recaptured all jobs lost during the pandemic, Fitch Ratings projects in a new report shared first with CNN.
If that happens, it means payrolls would have returned to pre-crisis levels in barely two years. By comparison, Fitch said it took a staggering six years and five months for the jobs market to fully bounce back during the painfully slow recovery from the Great Recession.
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