BUSINESS
Nearly half the U.S. population is without a job, showing how far the labor recovery has to go
BUSINESS

Nearly half the U.S. population is without a job, showing how far the labor recovery has to go

Published: June 29, 2020  |  3 min read, 510 words
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Keep Me Logged InKey PointsCan the US labor market bounce back from Covid-19?Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of . The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a... READ MORE
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