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The US labor force participation rate has been trending lower for decades[0], and is on the low side among peer (OECD) countries[1] and middle of the pack globa
by prottog 3y ago
The US labor force participation rate has been trending lower for decades[0], and is on the low side among peer (OECD) countries[1] and middle of the pack globally[2]. Its foremost geopolitical rival, China, is a full 8 percentage points higher.
Some developed countries with good social safety nets, like the Scandinavian countries, also have high labor force participation rates; others, like France and Belgium, are quite low.
[0]: https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
[1]: https://data.oecd.org/emp/labour-force-participation-rate.htm https://data.oecd.org/emp/labour-force-participation-rate.ht...
[2]: https://www.theglobaleconomy.com/rankings/labor_force_participation/ https://www.theglobaleconomy.com/rankings/labor_force_partic...