The number of individuals who are out of the labor force but reported currently wanting a job now and cited childcare, family responsibilities, or transportation issues as being barriers to looking for work or working rose to 1 million in the summer of 2020, staying around that level ever since.
Mike Horrigan
@mikehorrigan.bsky.social
President of the Upjohn Institute for Employment Research, incoming Vice President of the National Association for Business Economics, and former Associate Commissioner at the Bureau of Labor Statistics (Employment/Unemployment/Prices)
Trust in the data produced by statistical agencies is fundamental to the functioning of a democratic society. Unfounded attacks on those institutions, rather than constructive dialog to identify problems and suggest solutions, causes incredible damage.
The negative growth in real GDP for the first quarter of 2025 does not mean we are in a recession. Check out the video below to learn how recessions are called and by who.
Even more relevant in light of the first-quarter decrease in real GDP: Explainer video from our @mikehorrigan.bsky.social on what goes into declaring a recession. #Econsky