US Demography: Labor Force Characteristics

US Demography: Labor Force Characteristics July 22, 1 Dr. Edward Yardeni 16-972-763 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the box

Table Of Contents Table Of Contents Labor Force, Population, & Participation Rates 1-6 Labor Force & Working Age Population 7-9 Not in the Labor Force Labor Force & Working-Age Population 11-17 Labor Force 1 July 22, 1 / Labor Force Characteristics www.

Labor Force, Population, & Participation Rates 0 2 2 2 2 0 1 1 Figure 1. LABOR FORCE & WORKING-AGE POPULATION (millions, sa, ratio scale) Civilian Noninstitutional Population (7.6) Labor Force (162.1) Not in Labor Force (9.) 0 2 2 2 2 0 1 1 1 1 1 1 0 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 6 Figure 2. LABOR FORCE PARTICIPATION RATE: TOTAL (percent) 6 66 66 64 62 64 62 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 1 / July 22, 1 / Labor Force Characteristics www.

1 Figure 3. Labor Force, Population, & Participation Rates LABOR FORCE & WORKING-AGE POPULATION: -4 YEAR OLDS 1 Civilian Noninstitutional Population: -4 Year Olds 0 Labor Force: -4 Year Olds Not in Labor Force: -4 Year Olds 0 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 4 3 2 1 79 7 77 76 7 74 73 72 71 69 6 67 66 6 64 LABOR FORCE PARTICIPATION RATE: -4 YEAR OLDS (percent) Figure 4. Total (2.0) 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 64 4 3 2 1 79 7 77 76 7 74 73 72 71 69 6 67 66 6 Page 2 / July 22, 1 / Labor Force Characteristics www.

Labor Force, Population, & Participation Rates Figure. LABOR FORCE & WORKING-AGE POPULATION: 16-24 YEAR OLDS 3 Labor Force: 16-24 Year Olds 3 Civilian Noninstitutional Population: 16-24 Year Olds Not in Labor Force: 16-24 Year Olds 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 72 Figure 6. LABOR FORCE PARTICIPATION RATE: 16-24 YEARS OLD (percent) 72 6 6 66 66 64 62 64 62 6 4 6 4 2 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 2 Page 3 / July 22, 1 / Labor Force Characteristics www.

Labor Force, Population, & Participation Rates 4 Figure 7. LABOR FORCE & WORKING-AGE POPULATION: -64 YEAR OLDS 4 3 Civilian Noninstitutional Population Labor Force 3 Not in Labor Force 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 6 66 Figure. LABOR FORCE PARTICIPATION RATE: -64 YEARS OLD (percent) 6 66 64 64 62 62 6 6 4 4 2 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 2 Page 4 / July 22, 1 / Labor Force Characteristics www.

Figure 9. Labor Force, Population, & Participation Rates LABOR FORCE & WORKING-AGE POPULATION: 6 YEAR OLD & OLDER Civilian Noninstitutional Population Labor Force Not in Labor Force 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Figure. LABOR FORCE PARTICIPATION RATE: 6 & OLDER (percent, nsa) 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page / July 22, 1 / Labor Force Characteristics www.

Labor Force, Population, & Participation Rates 17 Figure 11. LABOR FORCE 17 1 Labor Force 1 Total Labor Force Excluding Year Olds & Over 1 1 0 0 7 7 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 6 / July 22, 1 / Labor Force Characteristics www.

Figure 12. Labor Force & Working Age Population CIVILIAN LABOR FORCE: WOMEN AS PERCENT OF TOTAL 4 4 3 3 194 193 19 1963 196 1973 197 193 19 1993 199 03 0 13 1 23 2 3 Figure 13. CIVILIAN LABOR FORCE 3 16-24 & Over 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 7 / July 22, 1 / Labor Force Characteristics www.

1 1 Figure 14. Labor Force & Working Age Population CIVILIAN LABOR FORCE: -4 Year Olds 1 1 0 0 90 90 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 9 90 7 6 4 3 Figure. WORKING AGE POPULATION 16-24 & Over* 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 9 90 7 6 4 3 * year olds to 69 year olds. Page / July 22, 1 / Labor Force Characteristics www.

Labor Force & Working Age Population 1 1 Figure 16. WORKING AGE POPULATION: -4 Year Olds 1 1 1 1 1 1 0 0 90 90 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 9 / July 22, 1 / Labor Force Characteristics www.

14 Figure 17. Not in the Labor Force 14 12 16-19 Year Olds "Not in the Labor Force" (as a percent of total working age population "Not in the Labor Force") 12-24 Year Olds "Not in the Labor Force" (as a percent of total working age population "Not in the Labor Force")* 6 6 4 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 4 * Working age population is not seasonally adjusted. Source: US Department of Labor, Bureau of Labor Statistics. Figure 1. -4 Year Olds "Not in the Labor Force" (as a percent of total working age population "Not in the Labor Force")* Year Olds & Over "Not in the Labor Force" (as a percent of total working age population "Not in the Labor Force")* 9 61 63 6 67 69 71 73 7 77 79 1 3 7 9 91 93 9 97 99 01 03 0 07 09 11 13 17 19 21 23 * Working age population data is not seasonally adjusted. Source: US Department of Labor, Bureau of Labor Statistics. Page / July 22, 1 / Labor Force Characteristics www.

12 11 Figure 19. Labor Force & Working-Age Population LABOR FORCE & WORKING-AGE POPULATION: 16-19 YEAR OLDS: MALES Civilian Noninstitutional Population: 16-19 Year Olds Labor Force: 16-19 Year Olds 12 11 9 Not in Labor Force: 16-19 Year Olds 9 7 7 6 6 4 4 3 3 2 2 1 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 1 12 11 Figure. LABOR FORCE & WORKING-AGE POPULATION: 16-19 YEAR OLDS: FEMALES Civilian Noninstitutional Population: 16-19 Year Olds Labor Force: 16-19 Year Olds 12 11 9 Not in Labor Force: 16-19 Year Olds 9 7 7 6 6 4 4 3 3 2 2 1 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 1 Page 11 / July 22, 1 / Labor Force Characteristics www.

12 11 Figure 21. Labor Force & Working-Age Population LABOR FORCE & WORKING-AGE POPULATION: -24 YEAR OLDS: MALES 12 11 9 9 7 7 6 6 Civilian Noninstitutional Population: -24 Year Olds 4 3 Labor Force: -24 Year Olds Not in Labor Force: -24 Year Olds 4 3 2 2 1 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 1 14 Figure 22. LABOR FORCE & WORKING-AGE POPULATION: -24 YEAR OLDS: FEMALES 14 12 Civilian Noninstitutional Population: -24 Year Olds Labor Force: -24 Year Olds 12 Not in Labor Force: -24 Year Olds 6 6 4 4 2 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 2 Page 12 / July 22, 1 / Labor Force Characteristics www.

Figure 23. Labor Force & Working-Age Population LABOR FORCE & WORKING-AGE POPULATION: 16-24 YEAR OLDS: MALES Civilian Noninstitutional Population: 16-24 Year Olds Labor Force: 16-24 Year Olds Not in Labor Force: 16-24 Year Olds 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Figure 24. LABOR FORCE & WORKING-AGE POPULATION: 16-24 YEAR OLDS: FEMALES Civilian Noninstitutional Population: 16-24 Year Olds Labor Force: 16-24 Year Olds Not in Labor Force: 16-24 Year Olds 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Page 13 / July 22, 1 / Labor Force Characteristics www.

Figure. Labor Force & Working-Age Population LABOR FORCE & WORKING-AGE POPULATION: -4 YEAR OLDS: MALES Civilian Noninstitutional Population: -4 Year Olds Labor Force: -4 Year Olds Not in Labor Force: -4 Year Olds 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Figure 26. LABOR FORCE & WORKING-AGE POPULATION: -4 YEAR OLDS: FEMALES Civilian Noninstitutional Population: -4 Year Olds Labor Force: -4 Year Olds Not in Labor Force: -4 Year Olds 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 14 / July 22, 1 / Labor Force Characteristics www.

Figure 27. Labor Force & Working-Age Population LABOR FORCE & WORKING-AGE POPULATION: YEAR OLD & OLDER: MALES Civilian Noninstitutional Population: Year Old & Older Labor Force: Year Old & Older Not in Labor Force: Year Old & Older 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Figure 2. LABOR FORCE & WORKING-AGE POPULATION: YEAR OLD & OLDER: FEMALES Civilian Noninstitutional Population: Year Old & Older Labor Force: Year Old & Older Not in Labor Force: Year Olds & Older 0 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 0 Page / July 22, 1 / Labor Force Characteristics www.

26 2 Figure 29. Labor Force & Working-Age Population WORKING AGE POPULATION 26 2 2 2 24 24 2 2 23 23 2 07 0 09 11 12 13 14 16 17 1 19 21 22 2 Page 16 / July 22, 1 / Labor Force Characteristics www.

Labor Force & Working-Age Population 4 43 3 Figure. 16-24 YEAR OLDS (millions, sa, ratio scale) 4 43 3 33 33 2 2 23 23 1 1 13 Civilian Noninstitutional Population Civilian Labor Force Employment 13 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 14 13 1 1 9 PRIME AGE: -4 YEAR OLDS (millions, sa, ratio scale) 14 13 1 1 9 7 7 6 6 4 4 3 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 3 4 92 6 -YEAR OLDS & OVER (millions, sa, ratio scale) 4 92 6 6 6 44 44 32 32 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 17 / July 22, 1 / Labor Force Characteristics www.

Labor Force 17 Figure 31. LABOR FORCE 17 1 Labor Force Total Labor Force Excluding 6 Year Olds & Over 1 1 1 0 0 7 7 4 2 4 6 62 64 66 6 72 74 76 7 2 4 6 90 92 94 96 9 00 02 04 06 0 12 14 16 1 22 Page 1 / July 22, 1 / Labor Force Characteristics www.

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