Uneven Jobs Recovery

September 18, 2023

The U.S. economy lost nearly 22 million jobs during the two-month pandemic recession of March–April 2020. The total job count returned to pre-pandemic levels in June 2022, and by July 2023, there were almost 4 million more Americans working than before the pandemic. But jobs shifted among industries. The biggest gains have been in professional & business services (which includes many remote workers) and transportation & warehousing, while the biggest losses have been in leisure & hospitality and government, largely in public education.

change in us employment by industry chart

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Doctor holding clipboard beside microscope and cancer ribbon in a medical lab illustration
By TFC Team • October 28, 2026
A charitable gift annuity can provide lifetime income while supporting a nonprofit. Learn how payments, tax benefits, risks, and eligibility shape your giving.
Person holding a phone beside a grocery basket of fresh vegetables and a receipt in a store aisle
By TFC Team • October 28, 2026
Stretch your grocery budget with ways to save, including loyalty deals, sale planning, bulk buying, freezing food, and choosing store brands over name brands.
Rocket launching with “IPO” on its body against a bright blue sky with clouds
By TFC Team • October 28, 2026
Record-breaking IPOs are reshaping markets. Learn how mega listings, investor demand, stock index rules, and limited share availability can affect portfolios.
Person pushing a red
By TFC Team • October 28, 2026
Credit card and student loan delinquencies climbed in early 2026. See the latest figures and how persistent inflation and high interest rates are straining household finances.
Show More