Bay State still losing workers
The number of adults 16 or older with a job or looking for one declined by more than 13,000 last month, as the state’s overall labor force has shrunk by almost 19,000.
“Economists point to a grab bag of reasons why there are fewer available workers, including a decline in immigration, increased retirements among workers age 70 and older, a shortage of affordable child care, and COVID deaths and lingering health concerns,” Edelman writes.
It less clear why the participation rate among men in their prime working years — 25 to 54 — remains below that recorded before the pandemic, while the rate for women has more than fully recovered, he added.
And then there's this troubling economic indicator