The U.S. economy is being seriously disrupted by the COVID-19 outbreak. Chmura is here to keep you informed. Our data are already indicating a slowing in hiring, especially in lower wage jobs in retail, food services, and hospitality.
The Bureau of Labor Statistics defines the labor force participation rate as the percentage of civilian noninstitutional population 16 years old and over either working or actively seeking work. However, when comparing one region to another, this may not be the best metric to use.