How Many Laid Off Americans Will Get Their Jobs Back?
July 6, 2020
The hope for millions of Americans who lost their jobs due to the coronavirus shutdown was that as the shutdown lifts, they will be able to return to work. We’ve seen that to some degree with the stronger-than-expected job numbers in recent weeks. However, millions of Americans are still waiting for a call from their former boss telling them to come back to work,
The bad news, according to a new study from the Economic Policy Institute, is that millions of Americans are unlikely to return to their previous job. The study estimates that about 17.6 million people, roughly 11% of the workforce, will need to find new work. About 11.9 million of those have no hope of returning, likely because their previous employer has gone out of work. The other 5.7 million of them expect to be called back to work, but that call is unlikely to come as furloughs turn into permanent layoffs.