America Faces Catastrophic Employment Numbers

America Faces Catastrophic Employment Numbers

We’re Hiring sign (AP Photo/Charles Krupa, File) Americans continue to drop out of the labor market as employment numbers reach catastrophic levels, warned a panel of experts Thursday.

The economy has lost a staggering percentage of its workforce over the decades. The number of people employed or looking for work as a percentage of the population sits at only 62.7 percent. Experts warned during the panel discussion that the numbers show a quiet catastrophe.

“I’m not trying to be hyperbolic in describing this as a quiet catastrophe or calamity,” American Enterprise Institute Economist Nicholas Eberstadt said. “From 1965 to the present […]

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