Economists say the labor market is strong — but job seekers don't share that confidence. Here's why
www.cnbc.com
More than half of unemployed adults say they are burned out from searching for a new job. Experts suggest it might be due to the cooling labor market.
  • RestrictedAccount@lemmy.world
    3·
    10 months ago

    There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

    Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

    Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

    • afraid_of_zombies@lemmy.world
      13·
      10 months ago

      There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

      US population is higher.

      Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

      Not an excuse

      Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

      People don’t work before age 25 or after 54? I want the numbers between 16-65. Thanks