The U.S. labor force is currently growing at a slower pace than it has in decades, and as a result the economy is experiencing slow job growth.
In fact, the labor force participation rate has been stagnant for the past year, and the unemployment rate has stayed about the same.
It has been a relatively slow recovery from the recession.
What’s going on?
The labor market is not always a happy place.
Some jobs have gone the way of the dinosaur.
The number of people employed has dropped in every month since December 2014, and some of those job losses have been especially devastating to low-wage workers.
The average annual wage for full-time workers in March was $23,934, down 3 percent from March 2016.
That’s an 8.5 percent drop in pay since last December.
And a whopping 13 percent of workers earned less than $25,000 in 2016.
These losses have made the middle class look worse off than ever.
But many workers are actually getting better pay, which is why the unemployment rates are so low.
What are some ways to improve the economy?
The president and his administration have made a number of proposals to boost the economy, including increasing the minimum wage, expanding paid sick leave, and raising taxes on the rich.
The president also announced an $800 billion stimulus package that includes $250 billion to help low-income Americans.
But the economic recovery will take time to truly take hold.
The labor force has dropped below 65 percent of the population for the first time since the Great Depression, and many people have given up hope that the economy will rebound.
What about the future?
While the labor market recovery is promising, the unemployment numbers are still pretty bleak.
While the unemployment data has shown a modest decline in recent weeks, it will take many more weeks to see whether the economy can pick up.
