In the U.S., the labour force participation rate — the size of the labour force as a percentage of the national population of the same age range — has been sitting right around 63.5% in recent months. However, this continues to be well below pre-recession highs.
Nevertheless, it continues to be much higher the LFPRs in many other parts of the world.
Here’s as chart from UBS’s Marie Antelme, which offers some global context.
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