Hasnain says:

“Given that labor-force-participation and employment rates in May were only about half a percentage point below where they were before the pandemic for prime-working-age adults (those aged 25 through 54), and above pre-pandemic levels for those aged 55 to 64, such estimates seem high. Still, dig a little deeper into the monthly Current Population Survey from which these statistics are derived and it is apparent that something new is ailing millions of Americans, even though many are staying on the job despite it.

The Census Bureau, which conducts the 60,000-household CPS on behalf of the Bureau of Labor Statistics, asks about disabilities as well as employment. The resulting estimate of the number of 16-and-older Americans with a disability is up by about two million since early 2020. It had been rising over the decade before then as the population aged, but not at nearly that fast a pace.”

Posted on 2022-06-16T08:15:30+0000