Rodrigo Santos Andrade share

America’s workforce is shrinking. What’s going on? | The Excerpt

visibility comment0 event July 22, 2026 timer 06:00

Ads

The unemployment rate fell in June, but beneath that encouraging headline are signs that the U.S. job market may be losing momentum. Employers added just 57,000 jobs, previous estimates were revised downward and the share of people working or actively looking for work declined. Older workers are leaving at especially high rates, while hiring burnout, return-to-office mandates, caregiving responsibilities, retirement and lower immigration may all be contributing to a shrinking labor force. USA TODAY Money Reporter Rachel Barber joins The Excerpt to explain what the latest numbers really reveal, why fewer available workers could constrain economic growth and how much confidence we should place in a jobs report that may still be revised.

Read more: https://tinyurl.com/rpjcwkhj

Sign up for our newsletter for the day’s top stories, from sports to movies to politics to world events: https://profile.usatoday.com/newsletters/daily-briefing/

Tags: , , , ,

No Comments

Leave a Reply

Israeli attacks leave at least 20 dead in Gaza Mormon church shooting in Michigan ICE Shootings Trump wants US military back in Afghanistan US veloes United Nation’s demand for Gaza ceasefire