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Results 1 - 2 of 2 for PRIME [Year: 2024]

Where Are the Workers? From Great Resignation to Quiet Quitting - Review

To better understand the tight post-pandemic labor market in the US, we decompose the decline in aggregate hours worked into extensive margin changes (fewer people working) and intensive margin changes (workers working fewer hours). Although the preexisting trend of lower labor force participation, especially by young men without a bachelor's degree, accounts for some of the decline in aggregate hours, the intensive margin accounts for more than half of the decline between 2019 and 2022.

research.stlouisfed.org/.../09/27/where-are-the-workers-from-great-resignation-to-quiet-quitting

Pandemic Labor Force Participation and Net Worth Fluctuations - Review

The US labor force participation rate (LFPR) experienced a record drop during the early pandemic. While it has since recovered to 62.2 percent as of December 2022, it was still 1.41 percentage points below its pre-pandemic peak.

research.stlouisfed.org/.../08/10/pandemic-labor-force-participation-and-net-worth-fluctuations

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