On Monday, in the wake of a disastrous jobs report released late last week, economic analyst and former Treasury official Steve Rattner noted that a key economic indicator has plunged so low that it has erased “the entire post-pandemic recovery.”
“Labor force participation has fallen to 61.5 percent — the lowest since 2021, erasing the entire post-pandemic recovery,” posted Rattner. “Since Trump’s inauguration, over a million people have left the job market — which explains part of the reason the unemployment rate dropped last month.”


