Heritage Expert: Decline in Labor Force Participation Bad Sign for U.S. Economy, Working Americans

[rangerrebew]

Heritage Expert: Decline in Labor Force Participation Bad Sign for U.S. Economy, Working Americans
Dec 2, 2022 2 min read   
WASHINGTON—According to new numbers released on Friday, the economy added 263,000 jobs in November, the unemployment rate held steady at 3.7%, and the labor force participation rate continued to decline, down to 62.1%. 

Despite the headline job gains and steady unemployment rate, the report showed a troubling decline in labor force participation and employment. Over the past two months, the number of people who are working fell by 466,000 and the labor force participation rate has declined for three straight months.   

Rachel Greszler, Heritage Foundation research fellow in economics, budget, and entitlements, released the following statement in response to the numbers:

https://www.heritage.org/press/heritage-expert-decline-labor-force-participation-bad-sign-us-economy-working-americans

[DefiantMassRINO]

After taxes and increased cost of living, working for wages is not a positive value proposition for many - it's not worth the effort for the wages, the commuting exepense, and the B.S.

Our tax regime favors capital gains over wages.