Politico: How coronavirus is reshaping America’s job market

Politico: How coronavirus is reshaping America’s job market. “Just two-thirds of Americans were working for the same employer in September as they were in February, with the rest either landing new jobs or unemployed, according to the Real-Time Population Survey, a collaboration between researchers at Arizona State University and Virginia Commonwealth University. Brookings Institution researchers paint an even grimmer long-term picture, estimating that 42 percent of jobs lost due to Covid-19 will eventually be gone for good. Incomes are also dropping, indicating that many of these workers are transitioning into lower-paying jobs. More than 25 percent of U.S. workers earned less in September than they did in February, according to the Population Survey.”

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