Looks like it’s a lot harder to get into the labor force than it used to be!
😉
From DB:
There are 92mn people who are not in the labor force. And as the chart on Friday showed about 4.4mn of these found a job in January, up from 3.6mn in December. The best explanation we have is still the removal of emergency unemployment benefits (one family member losing benefits forces another to take a job). Also, see how the slope of the line below got steeper when the crisis hit in 2008; for the past five years we have been adding 2mn people per year to Not in the labor force.
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