- "Close to a half a million who would have been working ... died from COVID," Powell said while talking about the U.S. labor shortage.
- Go deeper: In a footnote to a speech he gave on Nov. 30, Powell estimates that 400,000 working-age Americans died in excess of what was anticipated pre-pandemic.
- This number includes older workers who left the labor force earlier than expected. "These excess retirements might now account for more than 2 million of the ... shortfall," he said.
- The other 1.5 million comes from a decline in immigration and "a surge in deaths."
- Overall, 1.09 million Americans lost their lives to COVID-19, according to Johns Hopkins data.
- But when considering the state of the U.S. workplace, it's worth remembering that many Americans lost colleagues, friends and loved ones over the past few years. It's a toll that will take many years to understand and lifetimes to grieve.
National Jobs for All Network
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