Gone for good? Evidence signals many jobs aren’t coming back - CHRISTOPHER RUGABER, AP

Michelle Holder, a labor economist at John Jay College, said it’s unlikely that many retail workers and others whose jobs are gone for good will find work this year, given that the viral outbreak will hold back hiring until a vaccine is widely available. “It’s definitely going to be a drag on the economy,” she said. Steven Davis, an economist at the University of Chicago, estimates that even after the virus has been brought under control, the proportion of people working from home will triple compared with pre-pandemic levels. That could result in the shuttering of many restaurants, coffee shops and other downtown businesses. The real estate data firm Zillow said last week that most of its 5,400 employees will now be allowed to work from home indefinitely.
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