Changes in the US labor force participation rates (LFPRs) have brought attention to state-level estimates. This brief discusses state-level estimates of the LFPR and what they can—and cannot—tell us about recent LFPR trends in our region.
The size of the US labor force declined by 2.3 million people between December 2019 and December 2021. Our experts examine demographic changes to determine if this decline is a passing trend or if it’s here to stay.
When the coronavirus pandemic began, many feared the housing market would collapse as it did in the mid-2000s. Instead, the industry has struggled to keep up with an influx of demand for homes, leading to rapidly rising prices. What’s next for residential real estate and construction?