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Labor force participation rate has been rising since COVID. The long term trend is down but not so bad. A decade ago the rate among adult men was 72% while last
by MacsHeadroom 3y ago
Labor force participation rate has been rising since COVID. The long term trend is down but not so bad. A decade ago the rate among adult men was 72% while last month it was 70.2% and continuing to rise. https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...
Wage growth beat inflation by almost double most months last year, rising around 5-6% YoY each month vs ~3-4% inflation. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ https://www.statista.com/statistics/1351276/wage-growth-vs-i...
- yellowapple 3y agoWell then I guess we'll see if the trend actually reverses or if it corrects back to how it's been since the 70's. Barring some significant systemic reforms I ain't exactly holding my breath.