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The permanently temporary 2021 economy, in charts

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Meanwhile, the labor market has whipsawed millions of Americans through layoffs and then rehirings, with millions caught in between. Wages are up, and people are switching jobs are a record rate. And while growth for the year is still projected to approach 6 percent, White House and Federal Reserve officials underestimated the economic disruption that would persist through the pandemic’s second year. Now it appears certain that many of these strains, both economic and viral, will continue well into 2022, and perhaps beyond.

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