U.S. unemployment rate to remain above pre-pandemic level through decade, CBO says

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The nation’s unemployment rate will not return to its pre-pandemic levels through the rest of this decade, meaning millions of workers could be out of work even after the vaccine is widely distributed, according to a projection released Monday by the nonpartisan Congressional Budget Office.

The nonpartisan budget office also projected a faster-than-expected rebound in economic growth as the nation’s economy recovers more quickly than analysts had initially feared.

The U.S. economy is expected to grow by 4.6 percent this year before returning to more typical growth levels of slightly…


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