US loses edge as employment powerhouse

The US is losing its edge as an employment powerhouse, where most people have a job or are looking for one, after its labour participation rate fell behind the UK’s

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The labour force participation rate – the proportion of adults who are either working or looking for work – started to decline in the US in 2000 and has plunged since 2008 from 66 to 63 per cent.

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Economists have been surprised by the trends, not least because the US labour market has long been seen as one of the most resilient and flexible.