Source: Alyssa Fowers and Andrew Van Dam, YAHOO NEWS, 12/29/21


It can be difficult now to remember what the U.S. economy looked like a year ago. The unemployment rate was 6.7%, with 10 million fewer people employed than before the pandemic. Expectations were that it could take years for the labor market to heal. Then, the economy experienced two historic surprises. First, demand for workers came soaring back at a velocity almost never before seen. And second, despite companies going all out to hire, millions of workers either retired early or stayed on the sidelines.

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