Daily Market Updates: American workforce shrinks by over 1 million in the past year

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American workforce shrinks by over 1 million in the past year

A July jobs report showed fewer Americans are working or looking for jobs than any time since the pandemic.

Reported · Written up by our desk · Economy

MarketWatch reports that the size of the American workforce has fallen by more than 1 million people over the past year, according to a July jobs report.

The outlet says the share of Americans who are working or looking for a job has declined to the lowest level since the pandemic.

MarketWatch adds that the report underscores a deterioration in labor market participation, with the latest figures coming in below prior year levels.

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MarketWatchThe size of the American workforce has fallen by over 1 million people in the past year. Here’s what’s going on.

Bonds & Rates

American workforce shrinks by over 1 million in the past year

More like this

Sources

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