Fed’s Barkin: Lost Jobs won’t be recovered

Federal Reserve Bank of Richmond President Thomas Barkin said changes in the U. S. economy could mean that some workers who left the job market during the pandemic won’t return.

Citing the number of pre-pandemic jobs that haven’t been recovered, Mr. Barkin said, “I’m in the mood of giving a little more time to see whether these five million people come back” to the labor force, but added that might not happen, during a speech in New York on Thursday.