It's actually the same, 83.1 at the peak.*fewer
In fact, in the prime working age demographic of 25-55, the LPR is actually higher.
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Labor Force Participation Rate - 25-54 Yrs.
Graph and download economic data for Labor Force Participation Rate - 25-54 Yrs. (LNS11300060) from Jan 1948 to Sep 2024 about 25 to 54 years, participation, civilian, labor force, labor, household survey, rate, and USA.fred.stlouisfed.org
So the aging of the workforce and early retirements accounts for any difference. Educate yourself and you won’t appear as ignorant.
People aren't retiring early, they're working longer because we're way under replacement birth rates right now.
Musk pointed this out a few months ago - the US (and other countries like China) are not going to die from the climate "catastrophe", they're going to fade away because we aren't having enough children.
Elon Musk Warns Of Population Crisis In U.S., Says 'Big Reckoning Coming'
Elon Musk, who has been encouraging the public to have more babies, is back with concerns about a population collapse amid a falling birth rate. In a tweet on Friday, Musk said that the U.S. would face consequences as a result of a declining birth rate and that "Japan is a leading indicator."...
Retirement age is increasing, not decreasing. Do some research. This took me 4 seconds to find.
The Average US Retirement Age: Where Do You Stack Up?
Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on...
All of this means that the 22-53 age demo is of course going to be able to find work because there's fewer of them relative to the number of jobs. Unless the economy collapses or people start cranking out kids it's going to stay that way. That's not a policy effect, it has nothing to do with Biden's economic policies.