As the Labor Market Tightens, Who Is Still on the Sidelines? | US News


The percentage of workers interested in holding a job who don’t currently have one is as low as it’s been in years. That’s driven much debate among economists, employers and politicians as they attempt to figure out exactly how to better tap the pool of nearly 100 million Americans over the age of 16 who neither have a job nor are actively looking to land one.

“How could that [unemployment increase] be good news? Because it means people are moving back into the labor force at unexpected levels, suggesting that the expansion may have more room to run than we thought and that companies may not face higher wage bills just yet,” Brad McMillan, chief investment officer at Commonwealth Financial Network, wrote in a research note last week.

Source: As the Labor Market Tightens, Who Is Still on the Sidelines? | The Report | US News

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