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Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it’s not just people giving up - Yahoo Finance

Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it’s not just people giving up - Yahoo Finance

Although AI and tech innovation is blamed for that drop, it has more to do with the lack of supply relative to the number of jobs that are available.

Economists have spent the past week arguing about why 720,000 people walked away from the labor force in a single month. Laura Ullrich, director of economics at Indeed Hiring Lab and a former Richmon… [+7231 chars]

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