Labour markets in the rich world are recovering from covid-19 But the low-paid and the young may continue to struggle
NEARLY A YEAR and a half ago, covid-19 was spreading rapidly across the rich world and countries were starting to lock down. Millions were left unable to work as everything from factories and building sites to shops and restaurants closed.
Since then, vaccines have been administered, economies have largely reopened and various aspects of pre-pandemic life have returned.The labour market, too, is recovering. In America the peak in unemployment is receding in the rear-view mirror: the rate in June was 5.9%.