Jobs Recovery Goes Into Reverse as Pandemic Takes a New Toll

There are a lot of rich people who’ve saved a lot of money and really want to spend it. Is that going to be enough to make up for all the business that has been lost? No, but it’s going to look like a faster recovery.

Tara Sinclair, an economist at George Washington University, commenting to The New York Times for its recent report, “Jobs Recovery Goes Into Reverse as Pandemic Takes a New Toll.”