June’s drop in the unemployment rate was because of an exodus of workers from the labor force.
The labor force participation rate, which measures the working-age population of those either employed or looking for a job, fell to 61.5%, the lowest since March 2021, according to the Bureau of Labor Statistics.
Excluding the Covid-era jobs market, it was the lowest participation rate since June 1976.
The labor force plummeted by 720,000 in June.
It’s a shame for me because I got jobs from STEM but I didn’t make bank like my peers and then invest in real estate to strangle hard working people. I just made enough to barely make my payments and I genuinely love it but AI has sapped so much of my joy.
I was like, would anyone in the company at least want to hear about how bundlers work at a brown bag talk and why we use them for server side and client side and all that? and everyone was like, no … AI can do that. I was like, fine …