1 See U.S. Bureau of Labor Statistics, “Employment Situation Summary,” news release, June 4, 2021. 2 See Board of Governors of the Federal Reserve System, Report on the Economic Well-Being of U.S. Households in 2020 – May 2021 (PDF) (Washington: Board of Governors, May 2021). 3 See “Civilian Labor Force Participation Rate,” U.S. Bureau of Labor Statistics, June 4, 2021.
The overall labor  force participation rate dropped from 63.4 percent in January 2020 to 61.7 percent in April 2021. 4 The Small Business Credit Survey is a collaboration of all 12 Federal Reserve Banks and was fielded in  September and October 2020.