More Americans gave up on working in June, and it shows that not everyone is finding the job they want
In this Sept. 22, 2021, file photo, a hiring sign is placed at a booth for Jameson's Irish Pub during a job fair in the West Hollywood section of Los Angeles.In June, the country added 372,000 jobs — more than economists had estimated.But the number of workers actively looking for work or working also dropped in June.
"The drop is disappointing, but it does take us back to levels that we saw just a few months ago," Daniel Zhao, senior economist at Glassdoor, told Insider."It is a setback, but I think the overall trend over the course of the recovery has still been improving labor force participation." Julia Pollak, chief economist at ZipRecruiter, said the labor force participation decline seen in the Bureau's household survey could be a"one-month blip." She isn't"too worried about it" and believes"we will see people come back" to the labor force.
Bunker said it would be good to see the prime-age employment-population ratio pick up too, which he said has"sort of flatlined."
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