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Labor force participation rate is (number unemployed + number employed)/population, so it's more of a measure of how many people want to be working than of how
by TheCoelacanth 6y ago
Labor force participation rate is (number unemployed + number employed)/population, so it's more of a measure of how many people want to be working than of how many people actually are working.
Employment rate is better for seeing how many people are and aren't working.
Adults 25-54: https://fred.stlouisfed.org/series/LNS12300060 https://fred.stlouisfed.org/series/LNS12300060
Was near an all-time high until last February mainly due to women joining the workforce, though with a sharp drop in the past year.
Males 25-54: https://fred.stlouisfed.org/series/LREM25MAUSA156S https://fred.stlouisfed.org/series/LREM25MAUSA156S
Was down about 8 points from the peak in the 60s in 2019, then dropped another 5 points in 2020. Still slightly more likely to be employed than women in the same age range.
- deleted 6y ago[deleted]