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At least 500,000 people have permanently disappeared from the workforce, analysis says
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Graham Watson
September 13, 2022 1:27 PM
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This is a fascinating article that details how COVID has affected the US labour market, with implications for the wider macroeconomy. According to the National Bureau of Economic Research (NEBR) as well as 250,000 people of working age dying from the virus, around 500,000 have also left the labour force. This represents a supply-side shock and will have implications for other macroeconomic objectives too.