US Labor Market Weakens as 6.2 Million Want Jobs but Are Not Seeking
The number of Americans outside the labor force who say they want a job has risen to 6.2 million, the highest since July 2021, reflecting a growing pool of sidelined workers.
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Terms & Concepts
Labor Force: The total number of people who are employed or actively seeking employment.
Not in the Labor Force: Individuals who are neither working nor actively looking for work, but may still express a desire for employment.
Labor Market Weakening: A situation where indicators such as job demand, participation, or employment growth suggest declining strength in the employment sector.