The US economic recovery is about to reverse
Omicron’s Bad Timing
Omicron’s surge began in December. But the full fallout will likely become visible in economic data for early 2022.
“It turns out that the peak of Omicron cases coincided with when the [January] salary survey data was collected, and if you weren’t at work, if you were on unpaid leave, you’re not counted as being on the payroll,” Bernstein told Victor CNN’s Blackwell in an interview on Monday.
These figures include workers who fell ill themselves, but also those who had to stay home to care for sick parents or children home from school.