Record Low Employment - Do You Think We Will See A Rebound In Q3?

[Jorge Abreu]

The record number of jobs lost over the past two months should begin coming back in Q3 and be largely regained by the end of 2021, according to an analysis by CBRE.

Over the past several weeks, 33.5 million workers filed initial claims for unemployment, indicating that the 23 million jobs gained over the past 10 years were suddenly erased. Jobs lost in April alone totaled 20.5 million—the largest one-month drop in the post-World War II period. The good news is that most job losses were reported as “temporary” and should begin returning in Q3 as an expected economic recovery takes hold.

Do you think we will begin to see a rebound in the unemployment rate?

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