4 ms·
My guess: a huge part of the 40% are children
by k__ 6y ago
My guess: a huge part of the 40% are children
- tonyedgecombe 6y agoThe labor force participation rate is a measure of an economy’s active workforce. The formula for the number is the sum of all workers who are employed or actively seeking employment divided by the total noninstitutionalized, civilian working-age population.
- khuey 6y agoChildren are excluded, but the elderly are not. Prime-age (25-54) employment rates are quite a bit higher than 60%.
- ls612 6y agoPre Covid prime age employment rates were 80% or so. The remainder is mostly stay at home moms and grad students.
- hn_throwaway_99 6y agoFrom what I can deduce, though, the US government statistics start at age 16, and there is no upper limit. I'm thinking we don't want large numbers of 16 and 17 year olds in the labor force year-round, and similarly we don't want 95 year olds in the labor force either.
- k__ 6y ago"labor force participation rate" and "40% of Americans" are certainly different things.
- tonyedgecombe 6y agoThe article states it's about the labor force participation rate in the first paragraph.
- coldtea 6y agoThey already exclude children from that number. Except if you mean 18 and over 'children'.