Originally Posted by
mstateglfr
That seems like a distinction without a difference. I get what you are asking, but in the end they had hired employees and not just temporary or seasonal workers.
If there is an expansion, as you asked, then there is a contraction if numbers fall off. Its a contraction even if it returns to prior(normal, as you call it) levels.
No, it's not. Many businesses saw hot markets due to COVID as the new normal (not as something temporary).
People losing jobs is not a good thing but, if the hires were due to COVID, the reduction isn't a surprise.
People bought lots of new bikes due to COVID and that wasn't going to continue either.