Omicron’s bad timing
The Omicron surge began in December. But the full fallout will probably become visible in the economic data for the start of 2022.
“It turns out that the peak of Omicron cases coincided with when the [January] data for the payroll survey was being collected, and if you were not at work, if you were on unpaid leave, you’re not counted as being on the payroll,” Bernstein told CNN’s Victor Blackwell in an interview Monday.
Those numbers include workers who got sick themselves, but also those who had to stay home to care for ill relatives or children home from school.
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