NOT! In Labor ForceNOT! In the Labor Force remains at very high levels. 99.5 million people. To hit prependemic levels 5 million would have to start looking for a job. If that were to happen then the unemployment rate would skyrocket. Since the unemployment rate only counts those who are looking for jobs.
The question is if and when we hit a recession how high will we go?
Always important to have the full picture before reading headline data points. this is a huge drag on the economy.