Record Labor Force Dropouts
The number of Americans age 16 and over not in the labor force reached an estimated 111 million in July, according to a report from ActivistPost.com citing government data, surpassing levels seen during the Great Recession and the COVID-19 pandemic [1]. A separate analysis from March 2024 placed the figure at nearly 107 million, indicating a continued upward trajectory [2]. The term “not in the labor force” (NILF) includes retirees, students, and those not seeking work.
The total has surged by more than 1 million since the pandemic-era low, with the labor force participation rate dropping to 59% in June, the lowest since September 2021, according...
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