June’s drop in the unemployment rate was because of an exodus of workers from the labor force.
The labor force participation rate, which measures the working-age population of those either employed or looking for a job, fell to 61.5%, the lowest since March 2021, according to the Bureau of Labor Statistics.
Excluding the Covid-era jobs market, it was the lowest participation rate since June 1976.
The labor force plummeted by 720,000 in June.
That almost 40% of adults in a population are not working is insane. I want a breakdown of how many of those are rich ppl living off the stolen wealth of those still burdened with labouring?