#labor-force-participation

#labor-force-participation

The jobs report last week offered a more sunny outlook than expected, with an uptick of 115,000 jobs in April; the unemployment rate also held steady at 4.3%. The data also, however, points to a more nuanced story about a broader shift in the labor force. Last month, the number of men who were working or actively looking for a job fell to the lowest figure seen in decades, with the exception of an anomalous dip during the early months of the pandemic. That means a third of men have dropped out of the workforce as of April.

"There are very real economic forces that are limiting the options for non-college-educated men in the United States. Some of what we're seeing is simply rational responses to a system that's pricing them out."

While Americans cling to their hybrid schedules to have some flexibility with their jobs, workers in the Netherlands have quietly abandoned the five-day workweek, working an average of 32.1 hours in 2024. And the country's staffers have women to thank for the change. The new work standard could help keep people in the labor force, as working women in the U.S. have dropped out in droves amid RTO pushes.