Unemployment is falling in rich countries, but not every job is coming back

Companies are hiring and unemployment is falling across most advanced economies on hopes that vaccines will eventually contain the Coronavirus. But not every job is coming back.

The pandemic has pushed out older employees and is deepening inequality as lower income workers feel the brunt of the crisis. Economists warn that there’s still a way to go before global employment is back to where it was before the pandemic.

A resurgent US job market is creating more opportunities at a faster clip than many economists and employers expected. Nonfarm payrolls rose by 916,000 in March, blowing away economists’ median estimate