105M Americans not working, more than during COVID or Great Recession
It’s hot NILF summer for American workers.
The number of adults who are “not in the labor force” (NILF) surged to an all-time high in June to 105.8 million, according to figures from the Federal Reserve Bank of St. Louis.
The record comes after a massive surge of 832,000 workers dropping out of the labor force in June alone. The overall number of NILFs is higher than at the height of the Great Recession or the COVID pandemic.
Leading labor economist Nicholas Eberstadt told The Post that drilling down into the data reveals a startling pattern of dropouts, particularly among men.
Tagged: Economy BACK TO HOMEPAGE