Economics
Most Pandemic-Displaced Workers Were Back on Job by 2022
- Some 3.6 million workers were displaced from 2019 to 2021
- Older workers had a harder time getting back to work
Source: Getty Images
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Nearly two-thirds of US workers who lost longtime positions during the pandemic were already back to the labor force by January of this year, underscoring the swift job-market recovery.
Some 65% of so-called displaced workers -- those who held their job for at least three years but were let go or left due to company closures or insufficient work -- who lost their job between 2019 and 2021 were reemployed by early 2022, according to data from the Bureau of Labor Statistics released Friday. The report showed 3.6 million Americans were displaced, up more than 900,000 from the prior survey conducted in 2020.