Jobs are up, but the labor force participation rate is down
Marketplace
Although the U.S. labor market has recovered dramatically from the peak of pandemic unemployment, millions of workers remain on the sidelines. Forty-three percent of jobless workers are long-term unemployed, and economists warn that elevated long-term unemployment may persist for years after this recession is behind us. Also on today’s show: How the airline industry sees the future; Ally Bank’s decision to permanently end overdraft fees; and we check back in with a pasta restaurant owner in New York City.
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