Here’s why West Virginia has struggled to increase labor force participation for decades
June 26, 2023
For months, West Virginia officials have been touting record-low unemployment numbers. That continued in June, as officials announced that only 3.3% of West Virginians were unemployed and actively looking for work.
But there’s less to cheer about when it comes to the state’s fairly stagnant labor force participation rate. That figure, which essentially measures the percentage of working-age adults who are either employed or actively looking for work, isn’t the most well-known economic indicator. But it’s one that economists say matters just as much, if not more, than unemployment numbers.