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January 21, 2021
Research by economists including the University of Rochester s Lisa Kahn offers further evidence that the virus, not lockdowns, is the main force driving economic behavior. While vaccinations are accelerating in the US and in several nations, our economy is global, a fact that will affect the pace and characteristics of an eventual recovery. (Getty Images photo)
University of Rochester economics professor Lisa Kahn says controlling COVID is essential to restoring the economy.
In a typical recession in the US economy, most job losses are permanent. Only a small percentage are considered temporary, where a worker can reasonably expect to be called back.