A two-track recovery — where some workers, such as those in the restaurant industry, feel the pain far longer than others — is set to haunt Michigan’s economy in 2021, according to a forecast by the University of Michigan.
While the Michigan economy is on track to recover from the COVID-19 recession, many workers still need the financial help from a stimulus package out of Washington, D.C.
Job losses are expected to persist in leisure and hospitality and other sectors employing many lower-income workers — intensifying income inequality, according to U-M economists.
“We are seeing a two-track recovery from the pandemic,” Gabriel Ehrlich, director of U-M’s Research Seminar in Quantitative Economics, said in a statement.
More workers have lost jobs — and had a harder