Workforce Participation (a per capita metric) decreased. Starting from 2002 with a participation of 66%, the US employed ~192 million. But in 2022 at a participation of 62%, the US employed ~203 million.
Absolute employment is up. Between that and productivity gains, more work is being done today than ever before.
Workforce Participation (a per capita metric) decreased. Starting from 2002 with a participation of 66%, the US employed ~192 million. But in 2022 at a participation of 62%, the US employed ~203 million.
Absolute employment is up. Between that and productivity gains, more work is being done today than ever before.