New White Paper Spotlights the Shrinking Labor Force in a Growing Economy; Current Trend Defies Precedent, Is Uniquely American
Express Employment Professionals recently released a new white paper exploring the challenges and causes of America’s chronically low labor force participation rate.
The U.S. labor force participation rate has continued to shrink, even in a growing economy. By almost any measure, that is a surprising trend. Among most other major economies of the world, the United States is practically the only one facing this issue.
Titled “America’s Hidden Weakness,” the new white paper draws from a variety of sources and studies, including original polling, to explain why this trend is both so rare and so troubling.
“We cannot continue to make the mistake of overlooking the dropping labor force participation rate and this almost unprecedented trend we’re facing,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. “If we do, we are ignoring millions of struggling Americans-and that is unacceptable. This isn’t just about an aging population; it’s about a not-so-hidden weakness we must confront.”
Download the white paper:
America’s Hidden Weakness
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