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There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
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 170.7 million civilians in January 2025. [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]
Each provides insight into the factors affecting employment. The Bureau of Labor Statistics provides a "chartbook" displaying the major employment-related variables in the economy. [37] [38] Members of the Federal Reserve also give speeches and Congressional testimony that explain their views of the economy, including the labor market. [39]
Labor market resilience is the driving force behind the economic expansion and has given the U.S. central bank room to pause rate cuts while policymakers assess the impact of the fiscal, trade and ...
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February.
This year, the agency increased its projection of how large the U.S. labor force could be in 2033 by 5.2 million people. Most of that increase is expected to be a result of higher projected net ...
The deregulation of the labor market undermined unions by allowing the real value of the minimum wage to plummet, resulting in employment insecurity and widening wage and income inequality. [202] David M. Kotz, professor of economics at the University of Massachusetts Amherst , contends that neoliberalism "is based on the thorough domination of ...
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.