Breaking Job News: The US Workforce Is Shrinking & the Numbers Are Worse Than Anyone Expected
About this episode
Pete Newsome discusses the declining US labor force participation rate and its implications for the economy.
The mainstream narrative says the economy is holding steady, but the data underneath says something different. The US labor force participation rate just hit its lowest point since 1977, and the forces driving it down (aging retirements, declining immigration, shrinking workforce entry) aren't going to reverse themselves. In today's episode, host Pete Newsome breaks down what's actually happening beneath the headlines and why economists are treating near-zero labor force growth as the new bas...
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