Nearly 8 million new jobs have been added to the U.S. economy since the end of 2020. This means that employment is nearly matching pre-pandemic levels from two years ago. Construction is among the leading sectors for job growth, and that is only likely to improve as funding for infrastructure projects resulting from the historic new law comes to fruition.
Economists predict the job market will return to pre- pandemic levels by the end of 2022.
“It’s mindbogglingly fast and sustained growth – well over half a million jobs added per month on average for more than a year,” said Heidi Shierholz, Economic Policy Institute President.