🇺🇸 61.4% of working-age Americans are now participating in the labor force, the lowest since May 2020, and outside the pandemic, the worst since March 1976.
This isn't a blip: participation has fallen 7 of the last 8 months, a cumulative drop of 1.1 percentage points.
Workers aren't being fired... they're vanishing from the count entirely.
A shrinking labor force means unemployment stats look better than reality actually is.
This isn't a blip: participation has fallen 7 of the last 8 months, a cumulative drop of 1.1 percentage points.
Workers aren't being fired... they're vanishing from the count entirely.
A shrinking labor force means unemployment stats look better than reality actually is.