Bloomberg Businessweek: The Mystery of the Missing Workers, Explained | Burning Glass Technologies

“The U.S. economy is in the midst of an historic comeback. But it’s happening with the lowest rate of labor force participation in more than four decades and a record number of unfilled jobs. It leaves economists, policymakers, and investors wondering: Where have all the workers gone?

The working-age population—defined as those age 15 to 64—declined in 2019 for the first time in decades, then again in 2020. Blame it on the boomers. . . “These are older workers. These are people who as a demographic really shaped the labor market as we know it,” says Hannah Grieser, marketing manager at labor market analytics firm Emsi Burning Glass.”

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