Declining Workforce Participation Rates Complicate U.S. Labor Market, With 8.5 Million Job Vacancies
Allwork
MAY 14, 2024
According to a recent report published by the U.S. Chamber reports there are approximately 8.5 It’s reported that the labor force participation rate has declined to 62.7%, a decrease from 63.3% in February 2020. Labor shortages in the U.S. still pose a challenge for employers in 2024. million people are unemployed.
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