We’re Still Not Quite at Full Employment

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Here’s another look at how the economy is doing:

The overall labor force participation rate is hard to draw conclusions from because it includes students and retirees. Some of the change in these categories might be related to the state of the economy, but some of it is simply voluntary and demographic.

By looking only at prime-age workers, we eliminate this point of confusion. The good news is that the participation rate has been increasing for the past two years. The bad news is that we’re still roughly 1 percentage point away from full employment. That’s about a million people, give or take. The economy continues to improve, but it still has a ways to go before it’s firing on all cylinders.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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