If the labor force participation rate had held at its 2023-24 average of 62.6% and all else remained the same, the unemployment rate would be sitting near 4.85% compared with the current 4.24%. … READ MORE >
jobless rate
Labor force dynamics: 60,000 jobs per month are needed to keep the jobless rate near 4.4%
Long-run changes in the labor force have slowed its growth and are likely to result in a shortage of workers even if the economy falls into recession. … READ MORE >