Trends in labor force
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Transcript of Trends in labor force
Trends in Labor-Force Participation
Thursday, January 23, 14
Change in Labor Force Participation
The labor force participation rate in the United States increased for both males and females almost continuously for two-and-a-half decades after the mid-1960s. There was a standstill of growth only during pausing only briefly during economic downturns.
During these times the role of the woman was ever changing
Thursday, January 23, 14
Change in Labor Force Participation
Such trends change however come the 1990’s where you can see a decline in growth
The labor force participation reaches its highest peak in the first quarter of 2000 at 67.3%
Thursday, January 23, 14
Change in Labor Force Participation
By 2005 labor force participation fell by 1.5%
Since 2005 there has been a continuous, slow decline of labor force participation, the 2012 decline was estimated to be 2% from post depression participation rates
Thursday, January 23, 14
Decline of Labor Force Participation
Graph from http://www.epi.org/publication/ib333-labor-force-participation-since-great-recession/
Thursday, January 23, 14
What does the Graph Show?
Woman have made a greater presence in the work force
There is a great decline of younger workers both male and female
The 25-54 age range for males has dropped 5% while female participation for the same age group grew by 1%
Thursday, January 23, 14
What does the Graph Show?
One of the most interesting findings include overall participation. In 1989 participation was at 66.5% and in 2011 overall participation was at 64.1%
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What is Causing the Decline?
Retirement ageYounger
generations going to college
Discouraged workers
Decline in birthrate
Thursday, January 23, 14
Will this Trend Continue?
It is estimated to continue in a slow steady decline due to the “Baby Boomer” generation getting ready for retirement
The population as a whole is seeing trends of earlier retirement, which lessens the labor pool
Families on average are having less children, this means a smaller population thus a smaller labor pool
Thursday, January 23, 14