Schanzenbach and others (2017) estimate that the substantial overall employment-to-population gap that opened up in the wake of the financial crisis finally closed in July 2017. 12 The labor force participation rate for prime-age men has been declining for decades.
If there was even a slight suggestion that we will not be able to access our money tomorrow, the natural impulse would be to withdraw our money at an ATM or the bank's tills at the earliest opportunity. The typical maturity structure of banks is such that deposits are short term and they fund loans that are long term.