Shocking stat of the day:
The US labor force participation rate among 25 to 54-year-olds dropped -0.6 percentage points in June, the 2nd-largest monthly decline on record in data going back to the 1940s.
This metric measures the proportion of Americans in prime age either working or actively looking for work.
The decline matches those seen in January 1968, March 1960, May 1953, October 1952, and June 1951.
The only larger monthly drop was recorded in April 2020, during the pandemic, when nearly the entire economy shut down.
As a result, the prime-age labor force participation rate fell to 83.3%, the lowest since December 2023.
Meanwhile, the total labor force participation rate has declined for 7 consecutive months, to 61.5%, the lowest since February 2021.
The US job market is rapidly deteriorating under the surface.
Imagine someone telling you in 2010 that the guy on the left would become Mr. Taylor Swift & the guy on the right would be a finalist for Sexiest Man Alive:
The United States is 3 human lifetimes old.
That’s it. In those short years we invented the light bulb, the telephone, the airplane, the transistor and the internet. We turned a few wooded colonies into the most powerful nation in the history of the world.
BREAKING: Trump administration tells the International Criminal Court it has “no jurisdiction” over Americans & will not cooperate with any investigations.
Video from an NYPD officer's bodycam shows the moment the couple who climbed the Empire State Building were taken into custody. More: https://t.co/RNXYvRqyw8
BREAKING: Two people climbed atop the Empire State Building’s 1,454-foot spire and unfurled a banner reading, “When the power of love beats the love of power, the world knows peace.” Police are working to bring them down safely.