Debunking Job Market Myths During the Pandemic

The pandemic has debunked several myths about the job market, as predictions of permanent changes have proven temporary or illusory. Women have returned to the workforce in record numbers, early retirements have not materialized, white-collar recession has not prominently affected overall employment, and young and middle-aged men are slowly regaining their employment rates. The U.S. labor market has rebounded faster than expected, echoing the recovery from the 2008 recession, and highlighting the resilience of the U.S. worker.