4 ms·

Thanks for posting this site. I was a bit confused by the recent dip in this chart: https://fred.stlouisfed.org/series/TOTLL2564 https://fred.stlouisfed.org/se

• nradov 6y ago
  No most of the COVID-19 deaths were in the older cohort. That wouldn't significantly impact the civilian labor force.
• refurb 6y ago
  It’s a drop of 5M. 5M people haven’t died from Covid in the US. Plus it just went up by 2M. But I am curious about that drop.
  • warvair 6y ago
    You're right, I was skim-reading it as a few thousands (and jumping to conclusions). Not sure what's going on with that dip. Edit: It would be interesting to compare this to an up-to-date graph of US deaths (all kinds), if one exists.
• willwhitney 6y ago
  That dip is more than 4M people, so I think it's still unexplained. Perhaps due to a shift in response rates or another artifact of COVID churn in the survey methodology?
• awhitby 6y ago
  This is the labor force, as it says: "the sum of employed and unemployed persons." So it only includes people who are working or looking for work. This kind of distinction is the key to the OP. So thankfully the dip is mostly not deaths, but for example - a second earner in a household who lost a job in April but hasn't looked for new work since, due to child care commitments - a cook who was furloughed but knows there are no new kitchen jobs going right now, but isn't yet willing to do something else, so isn't looking - a person who lost a job one year out from retirement and is just retiring early https://www.bls.gov/cps/definitions.htm#nilf https://www.bls.gov/cps/definitions.htm#nilf