How far into the future, then? Over a long enough time span everything goes to zero. Are there no future consequences to record levels of unemployment? Everyone just goes back to work in the fall like nothing happened?
Also keep in mind unemployment rates are expected during a pandemic. They are apples to oranges when comparing them to high employment rates during times of normalcy.
Finally I think it’s very easy for humans to overestimate current situations and underestimate just how easy it is for society to forget what it was like half a year ago.
You're not following the economic story very closely if you think any of those countries are "back to normal".
>Also keep in mind unemployment rates are expected during a pandemic.
Do you have a source to anything at all about how any of this was "expected"?
You don't need a source. You already know it will lead to higher unemployment since pandemic -> everyone staying home -> businesses halted -> people losing their jobs (although the market has judged this as ephemeral)
Oh, so when I asked if people were "going to go back to work like nothing happened", and you replied "Ackchyually, Asian countries are going back to work" you deliberately left out the "like nothing happened" part, and are now agreeing that it's not "back to normal"? Got it.
>Further compound that by countries like Sweden that are business as usual
Not true.
>You already know it will lead to higher unemployment since pandemic -> everyone staying home ->
In what other pandemics did everyone stay home and unemployment went way up?