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Additionally, incorrect assumptions about the term, Labor force, might also occur when reading BLS publications, millions of employable persons are not included within the official definition. The Labor force, as defined by the BLS, [ 11 ] is a strict definition of those officially unemployed (U-3), [ 12 ] and those who are officially employed ...
The unemployment rate increased from 3.5% in February to 14.7% in April, representing a decline of more than 25 million people employed, plus another 8 million persons that exited the labor force. Job declines were focused on industries that rely on "in-person interactions" such as retail, education, health services, leisure and hospitality.
Many older workers decided to retire during the pandemic, continuing a long-term trend in the U.S. labor market of growing rates of voluntary quitting dating back to 2009. [63] Unsatisfied with their current positions, a record number of Americans quit to start their own businesses, only to face an acute labor shortage they helped to create.
Labor-force participation among women in their prime working years returned to pre-pandemic levels in January, but the job gains haven’t been spread evenly. Women are driving the labor market ...
Labor Department data shows workforce participation returning to early 2020-levels, and women are at the forefront of the recovery. Labor force participation is back to pre-pandemic levels Skip to ...
Political and business decisions during the ongoing COVID-19 pandemic have had a distinct impact on low wage workers in industries including retail. New research quantifying this impact has shown ...
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1] In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2]
It is likely that the pandemic could result in a prolonged dip in women's incomes and labour force participation. The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth.