Sure, Covid caused many workers to leave the workforce owing to health concerns or for caregiving purposes. But it’s not the only reason for the depressed US labor-force participation rate. Now that the pandemic has abated, life has normalized, but labor-force participation hasn’t. In September, the participation rate was merely 62.3%, over a full percentage point below the level just before the pandemic, in February 2020, of 63.4% (Fig. 9).
The following is an excerpt from our Morning Briefing dated October 18, 2022.
Read the full story
Sign up now to read the full story and get access to all paid posts.