[fullmetal]

What goes down that fast can come up with equal rapidity. We are not talking about the effects of long term systemic causes, but short term sociatal trauma.

Have you looked at how many small businesses have closed down, how many people have had to move back in with family in different cities, and how many people have had to quit their jobs to provide childcare?  Re-entering the labor force won't happen without a long lag as businesses get back on a financial footing capable of paying more employees.  Those re-entering the job markets will be competing for precious few positions initially after such a long layoff.  And over the long run, this protracted pandemic will have artificially deflated career ceilings, experience, and lifetime earning power.

You give no reasoning as to why a crashing employment figure "can come back up with equal rapidity" in this particular pandemic recovery, and I don't think the analysis will ever support that.

[fullmetal]

What goes down that fast can come up with equal rapidity. We are not talking about the effects of long term systemic causes, but short term sociatal trauma.

Have you looked at how many small businesses have closed down, how many people have had to move back in with family in different cities, and how many people have had to quit their jobs to provide childcare?  Re-entering the labor force won't happen without a long lag as businesses get back on a financial footing capable of paying more employees.  Those re-entering the job markets will be competing for precious few positions initially after such a long layoff.  And over the long run, this protracted pandemic will have artificially deflated career ceilings, experience, and lifetime earning power.

You give no reasoning as to why a crashing employment figure "can come back up with equal rapidity" in this particular pandemic recovery, and I don't think the analysis will ever support that.