Number of Americans 'not in the labor force' surges to record 105.8M as total exceeds Great Recession, COVID era
The number of Americans not in the labor force has hit a record 105.8 million, surpassing levels seen during the Great Recession and COVID era.
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The brief
A record 105.8 million Americans are currently classified as not being in the labor force. This surge coincides with a decline in hiring during June and a labor force participation rate that has dropped to a 50-year low outside of the pandemic era.
Coverage from the New York Post, Benzinga, and dars.gov.et emphasizes that this total exceeds previous peaks from the COVID era and the Great Recession. While unemployment has declined, dars.gov.et suggests this may mask deeper economic weakness.
Meanwhile, Bloomberg.com notes that participation rates may appear high depending on the measurement method used. Further attention is directed toward the shrinking size of the American workforce, with Central Oregon Daily questioning the drivers behind this trend.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
How many Americans are currently not in the labor force?
According to reports from the New York Post and Benzinga, the number has reached a record 105.8 million.
How does the current participation rate compare to historical levels?
Coverage from dars.gov.et states the labor force participation rate has dropped to a 50-year low outside of the pandemic era.
What happened to hiring in June?
Benzinga reports that hiring slowed in June.
Coverage (5)
- Americans Outside the Workforce Hit Record 105.8 Million as Hiring Slows in June Benzinga · 6h ago
- Labor Force Participation Is High If You Measure It Right Bloomberg.com · 6h ago
- Labor Force Participation Rate Drops to 50-Year Low Outside Pandemic Era as Unemployment Decline Masks Deeper Weakness dars.gov.et · 6h ago
- America’s workforce is shrinking. What’s going on? Central Oregon Daily · 6h ago
- Number of Americans 'not in the labor force' surges to record 105.8M as total exceeds Great Recession, COVID era New York Post · 6h ago
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