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The labor force participation rate looks absolutely terrible. You see the huge immediate drop when Covid hit, then a nearly-as-immediate bounce back recovering
by themgt 5y ago
The labor force participation rate looks absolutely terrible. You see the huge immediate drop when Covid hit, then a nearly-as-immediate bounce back recovering half the loss. But since August 2020 it's been flatlined. Are those people ever going to re-enter the workforce? Our recent history suggests maybe mostly not.
https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
- missedthecue 5y agoYou'd think at some point they have to pay rent and buy groceries.