Lower workforce participation in the US labor market post-pandemic is fueling impending economic downturn
One of the main factors pushing the US towards a recession is the tight labor market, which is causing wages to rise and exacerbating inflation. This is because there is a larger share of unemployed adults who are not working nor seeking work. In the wake of the pandemic, retirement rates have increased, which has reduced employment levels. Additionally, the COVID lockdown allowed some people to greatly strengthen their savings due to remote work options. As a result of these things, the supply of workers has not been meeting the demands of the US labor market and there will likely be an economic downturn.
See "Lower workforce participation in the US labor market post-pandemic is fueling impending economic downturn ", Max Zahn, ABC News, December 8, 2022