Post #4016315
2026-07-22 14:51 UTC
#Economy
The number of adults who are “not in the labor force” (NILF) surged to an all-time high in June to 105.8 million, according to figures from the Federal Reserve Bank of St. Louis.
The record comes after a massive surge of 832,000 workers dropping out of the labor force in June alone. The overall number of NILFs is higher than at the height of the Great Recession or the COVID pandemic.
Replies (1)
-
@HopelessDemigod@mstdn.social 2026-07-22 14:52
Some 5.3 million workers, 5% of NILFs have dropped out because they are discouraged or they’re not even bothering to look for work. In addition, up to 22% of America’s NILF population are on long-term illness, disability, or other forms of benefits representing more than 23.3 million Americans. EOF