The labor force participation rate has fallen from over 67 percent in 2000 to almost 63 percent today. Among the reasons are the downward trends in the percentages of women and young people in the labor force.
Because of its unusually high percentage of older people, Japan is heavily analyzed by other developed economies for studying the impact of aging on a macroeconomy. Does a large older population affect such things as output, inflation and labor force participation?
The benefits of a college diploma are many, including higher pay, lower unemployment, maybe even better health. Yet many high school graduates still do not pursue a college degree. This article examines several key reasons why more people aren’t making this investment in themselves.
While the Eighth District’s track record on business startups is less impressive than that of the nation since 2006, the District performed better than the nation over the same time period in regard to business shutdowns.
Do women make less because they choose jobs with hours that are more irregular than those taken by men?
The unemployment rate has been declining significantly since the Great Recession ended; however, the ranks of those involuntarily working part time have been declining at a slower pace. How does this situation compare with what happened after previous recessions?
The economy has increased its demand for high-skilled (high-wage) workers, while opportunities for middle-skilled (middle-wage) jobs have declined. This “job polarization” may require a shift in the sort of training that is encouraged for American workers.
In the District, about 40 percent of 25-year-olds were back living with their parents in 2013. That’s higher than in 1999. Both numbers were even higher for the country as a whole. The return to “the nest” varies, depending perhaps on such things as the labor market, the housing market and student debt in each locale.
Today's high unemployment rate is often linked to a structural imbalance—a mismatch between the skills and location required to fill vacant jobs and the skills and geographical preferences of the unemployed. But the evidence downplays the role of this mismatch.
The news about the youth labor force participation rate falling appears to be positive, as more people ages 16-24 are staying in school. However, the percentage of those not in education, employment or training is also rising, with the rise being uneven among genders and educational backgrounds.
Workforce participation has declined among those 16 to 24, but there may be good reasons for this. An analysis by age, gender and education looks at who is in school and who is not.