The U.S. labor market faces a protracted recovery amid the continued spread of the coronavirus and uncertainty over prospects for another stimulus package and the outcome of the presidential election, according to a new Wall Street Journal survey of economists. More than half of business and academic economists polled this month said they didn’t expect the labor market to claw back until 2023 or later all the jobs lost as a result of coronavirus-related shutdowns. That is a slower timeline than economists predicted six months...

Source: Wall Street Journal October 08, 2020 13:52 UTC