Definition: Labour force participation rate is defined as the section of working population in the age group of 16-64 in the economy currently employed or seeking employment.People who are still undergoing studies, housewives and persons above the age of 64 are not reckoned in the labour force. Figures remained around 63% since 2013; however, the COVID-19 pandemic significantly increased the number of people out of work. The following states have the highest labor force participation rates:The following states have the lowest labor force participation rates: Current Labor Force Participation Rate. Additionally, the labor force participation rate is affected by demographic factors, such as a change in the working-age population between generations. As a result, the labor force participation rate as of June 2020 is 61.5%Overall, the U.S. labor force participation rate has been declining since 2000. Please check your download folder. Unemployment rate increased 0.4 pts to 7.4%. NOTES FORTHCOMING ISSUES Factors Influencing the Labor Force Participation Rate. Graph and download economic data for Labor Force Participation Rate - Black or African American (LNS11300006) from Jan 1972 to Jun 2020 about African-American, participation, labor force, 16 years +, labor, household survey, rate, and USA. Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period. It bottomed at 62.4% in September 2015. Labor force participation rate, male (% of male population ages 15+) (modeled ILO estimate) Average working hours of children, study and work, ages 7-14 (hours per week) Download In 1995, the share of working-age people in the labor force peak at 72% and has since fallen to 63.7%. This means that it omits people in prisons, nursing homes, mental hospitals, and the military and includes all other people of work age (16 or older). Underutilisation rate decreased 1.0 pts to 19.1%.
Women have increasingly left their roles as homemakers to take on jobs, nearly doubling the women’s labor force participation rate between 1948 to 1998 (32% to 60%) and currently standing at 57.3% (as of March 2020).
We have provided a few examples below that you can copy and paste to your site:Your data export is now complete. The retirement of a large number of baby boomers has reduced labor force participation. Labor force participation is calculated as the sum of all employed workers or those actively seeking employment decided by the total non-institutionalized, working-age population. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The Labor Force Participation Rate (LFPR) was 66.2% in January 2008, from there it fell fairly steadily (higher is better). The labor force participation rate is a measure of an economy’s active workforce that indicates the percentage of all people of working age who are employed or actively seeking employment.