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The people who “drop out” of the labor market (not working and don’t collect unemployment) basically are not counted. They are not considered part of the labor
by icedchai 4y ago
The people who “drop out” of the labor market (not working and don’t collect unemployment) basically are not counted. They are not considered part of the labor force. I know people who get burned out and live off their savings for long periods of time.
- bitshiftfaced 4y agoInterestingly, even though the labor participation rate hasn't returned to pre-covid levels, total civilian labor force levels have: https://fred.stlouisfed.org/series/CLF16OV#0 https://fred.stlouisfed.org/series/CLF16OV#0