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To return EPOP to its level of 2 years ago, we'd need 5.7 million Americans newly employed.
Over same time, number of Americans out of the labor force increased 4.7 million.
Among them, those who "want a job now"⬆️ 1.1 million and who do not ⬆️ 3.6 million.
Over same time, number of Americans out of the labor force increased 4.7 million.
Among them, those who "want a job now"⬆️ 1.1 million and who do not ⬆️ 3.6 million.
What age groups account for the +1.1 million who are out of the labor force and want a job now?
Prime-age Americans (25-54) account for 61% of the increase, young adults for 24%, and Americans 55+ only for 14%.
Prime-age Americans (25-54) account for 61% of the increase, young adults for 24%, and Americans 55+ only for 14%.
What ages account for +3.6 million out of labor force & not wanting a job now?
Increase in the number of older Americans (55+) in this group accounts for 89% of its rise.
Number of young folks in the group actually ⬇️326K.
Early retirements? COVID concern? Grandkid care?
Increase in the number of older Americans (55+) in this group accounts for 89% of its rise.
Number of young folks in the group actually ⬇️326K.
Early retirements? COVID concern? Grandkid care?
