The Memo @thememo.dev · May 13

Recap of the April 2026 Jobs Report: The U.S. employment-pop ratio is 59.1%. The 40.9% inverse means 4 in 10 aren't employed (excl. ~2M institutionalized) and those categorized as Not in the Labor Force expanded to 104.96M individuals. #JOBS | #PolicySky | #EconSky

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The Memo · May 13

Open access to our recap on the April 2026 Jobs Report here: substack.com/@thememodigest

Nick M. Velli · May 14

I am curious what part of this could be attributed to an aging population. Since the unemployment rate hasn't risen in lockstep you'd suspect many people aren't actually looking for a job.