A report released this week by Pennsylvania’s Independent Fiscal Office (IFO) indicates that 120,000 fewer residents are working or actively seeking work than in the year before the COVID-19 pandemic hit.
The study showed the state’s labor force participate rate (LFPR) for those aged 16 and older to be 63 percent in May 2019 and to have declined to 61.9 percent one year later. That percentage has continued gradually decreasing — to 61.8 percent in May 2021 and to 61.7 percent two months ago.
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