The U.S. labor market is in long-term decline. Labor force participation stands at 62.6 percent, failing to return to pre-pandemic levels despite a strong economic recovery. The trend seems likely to persist, driven by both short-term disruptions and deep structural forces. (click to enlarge) For decades, fewer and fewer Americans have been entering the workforce, […]
Graphic Essay: US Labor Force Participation
The country could face a shortage of 6 million workers by early next decade.
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