Some Jobs Will Never Return

In May, only 64.2 percent of Americans 16 years and older were in the labor force, either working or seeking work, and just 58.4 percent were employed, levels not seen since the 1980s. Also, job growth in each recovery since the 1980s has been progressively slower. Perhaps most important, the relationship between the number of job openings and the unemployment rate, appears to have shifted.