"Reduce the United States about 500,000 labor force"

According to the "Wall Street Journal" reported on September 12, local time, the latest research found that the disease caused by the new crown virus has reduced the US labor force by about 500,000. If the current virus infection rate is continued, the US labor force will continue to be cut off Essence

According to the study, during the new crown epidemic, millions of people left the labor market for various reasons, including retirement, lack of child conservation and fear of the new crown epidemic.

The total labor scale in August reached 164.7 million people, exceeding the level before the epidemic in February 2020. However, the research author, Stanford economist Geipi Shagoda, and Economist Evan J. Soltas, an economist at MIT, said that if there is no epidemic, the total number of labor force is expected to increase by 500,000. If the United States continues to maintain the current new crown infection, it is expected to lose more labor.

Some economists believe that the slow recovery of US labor and high demand for workers are one of the main challenges facing the US economy, which limits the ability of employers to provide goods and services and exacerbate price pressure. Experts say that resolving this imbalance is essential to reduce high inflation.

Source: CCTV News Client

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