The latest jobs report reminds us that while there are good reasons to expect the number of jobs and the number of people wanting to work will make a full recovery, it is unlikely they will recover at the same pace. Over the past few months, the demand for workers has strengthened as COVID-affected sectors have reopened.
Labor supply has also improved, with many people coming back into the labor force and others extending their hours of work, but there are indications that many other workers still face virusrelated impediments.