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Here is a different calculation: Number of people employed 2019(pre-pandemic)/2023: increase of 1.9% Population of the USA 2019/2023 (estimates): increase of

by csomar 3y ago

Here is a different calculation: Number of people employed 2019(pre-pandemic)/2023: increase of 1.9% Population of the USA 2019/2023 (estimates): increase of 3.5% The situation could be the same of better (ie: it's possible the population is younger and we should account for that); but clearly the job market is doing worse (regardless of population) per-capita than in 2019. This will have inflationary effects (things are more expensive, more disruption of services, etc...) as there are more new people in the country than people working. The way the U6 rate has been gamified, it'll probably be useless as a metric by the end of the decade.

rsynnott 3y ago
> This will have inflationary effects (things are more expensive, more disruption of services, etc...) as there are more new people in the country than people working. It's more or less the opposite (though with some of the same concerns); this is driven by an _aging_ population. The population is going up due to birth and immigration, but faster than that is happening, people are aging out of the workforce. This is pretty much what all developed countries are facing; the US isn't as far along as most (it's relatively young).