BIG Problem Looking forward: At 61.4%, the lowest labor force participation, going back to 1976.
Lots of American families on the outside, looking in. These people MUST be brought back into the labor force soon. Every day that does by, re-entry is harder. Colossal political demand for UBI* / long term unemployment benefits, Colossal election impact.
*Universal basic income
Sustainability??? The colossal political impact here, speaks to people in the streets, NOT at work, not participating. Solutions needed asap.
(3)
The U.S. has replaced 11.4 million of the 22 million jobs lost in March and April, at the beginning of the pandemic. Job growth, though, is cooling, and last month marked the first time since April that net hiring was below one million. - WSJ
Jobs Data
Persons Classified Unemployment as “Temporary”
Sept: 51%
April: 88%
Labor Department
Via @EricMorath
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