Employment activities driven by federal spending, particularly in health care and government jobs, signify a shift rather than a return to pre-COVID economic dynamics.
While total employment has recovered, 75% of payroll growth over the past year came from only three sectors, raising concerns about sustainability and reliance on federal support.
There’s a notable growth in small-business startups that began during COVID, indicating that while past economic patterns are gone, new entrepreneurial endeavors are emerging.
The expectation for the economy to revert to pre-COVID levels is unrealistic, as the landscape has shifted and new opportunities are arising in the face of changes.
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