Why is there so much discussion about layoffs and rising unemployment if the job market is so strong?

The economy has more than made up for the 22 million jobs lost due to the pandemic. 

3.5% is the same as the pre-pandemic low for unemployment.

Since the 1980s, wages are increasing more quickly than before.

And just about anyone who seeks employment can do so.

In contrast to expectations, the economy rebounded from the epidemic far more quickly because to trillions of dollars in government stimulus payments to individuals and businesses.

Early in the recovery, Americans made large purchases of things like new automobiles, appliances, computers, and other items. 


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