Two key U.S. labor-market metrics may take until 2024 to recover to their pre-pandemic growth trend, keeping maximum employment out of reach for now, a new study from the Federal Reserve Bank of San Francisco showed.
A high level of retirements is reducing both the labor-force participation rate -- the share of Americans that are either working or looking for work -- and the employment-to-population ratio, which measures the number of people employed against the total working-age population. They’re unlikely to return to pre-pandemic highs, the paper said.
“Both series are well below trend, suggesting that the labor market ...
A pro-Tinubu group, the Asiwaju Media Team, has urged political stakeholders to focus on issue-based campaigns ahead of the 2027 general elections, warning that it would challenge what it consider...