With September’s data in, we can see how many teachers went back to school this year. And indicators like the labor force participation rate (which is at a 38-year low) and wage growth (which has stagnated for decades, including in what should be a surge period since the Great Recession) make it look even worse.īut Elise Gould of the Economic Policy Institute dug out perhaps the worst numbers in the report. This appears to be the fifth straight year that promising signs in the winter end up softening in the summer and fall. Last week’s jobs report showed the labor market decelerating.
