But in 2021, the job market substantially recovered, with around 60% of lost jobs restored, according to the Bureau of Labor Statistics. The onset of COVID-19 in early 2020 hit the labor market hard, leading to job losses in ways unseen since the time of the Great Depression. Over the last 10 years, the demand for staffing among private firms has risen by approximately 75%. Gorodenkoff // Shutterstock The American private sector has experienced an increase in job creation since 2013, which many experts attribute to more general demand for goods and services in the economy, corporate and government re-shoring policies to bring jobs back domestically, and impacts from major geopolitical events.
