A White House report claims that roughly 81% of coronavirus job losses are likely to be temporary

Associated Press

• A report released Thursday by the White House Council of Economic Advisers said that roughly 81% of coronavirus job losses are likely to be temporary. 
• The report found that the historic policy actions from the federal government in the wake of the coronavirus pandemic "ameliorated a stark economic contraction while improving expectations for a recovery in 2021."
• Specifically, the report highlighted the Payroll Protection Program as one that helped stabilize the labor market. 
• Visit Business Insider's homepage for more stories.

A majority of the jobs lost during the coronavirus pandemic and ensuing recession are likely only temporary, according to a Thursday report from the Trump administration.

The report from the White House Council of Economic Advisers found that the historic policy actions of the federal government to provide aid to the economy amid the coronavirus pandemic "ameliorated a stark economic contraction while improving expectations for a recovery in 2021." See the rest of the story at Business Insider

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