Series Id: LNS11300000
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over
Among the factors affecting the trend in labor force participation, the aging of the population has been the most important over the last decade. The age distribution of the population is gradually shifting toward older people. Demographic forces, such as population aging, played a major role in the recent decline of the LFPR.
This baseline model projects that the participation rate will continue to decline over the next four years.
A substantial portion of the recent decline in labor force participation is due to the shifting trend in participation. The trend participation rate dropped 0.8 percentage point from 2007 to 2011 and is projected to fall another 1.3 percentage points by 2015 as the share of older workers in the population continues to rise. Hence, the recent decline in the participation rate is likely to reduce the potential labor supply. In addition, population growth is expected to slow, from an average annual rate of 1.4 percent during 1948-2011, to 1.1 percent during 2012-21 (CBO; SSA). Combined, these two factors will weigh on the potential labor supply available in the economy and the level of potential output over time.
The decreases in family income over the 2007−10 period were substantially smaller than the
declines in both median and mean net worth; overall, median net worth fell 38.8 percent,
and the mean fell 14.7 percent (figure 2). Median net worth fell for most groups between
2007 and 2010, and the decline in the median was almost always larger than the decline in
Changes in U.S. Family Finances from 2007 to
2010: Evidence from the Survey of Consumer
Jesse Bricker, Arthur B. Kennickell, Kevin B. Moore, and John Sabelhaus, of the Board's
Division of Research and Statistics, prepared this article with assistance from Samuel
Ackerman, Robert Argento, Gerhard Fries, and Richard A. Windle.
The Federal Reserve Board’s Survey of Consumer Finances (SCF) for 2010 provid
What is happening is older workers still employed are not leaving the work force. Those that have lost jobs are more or less frozen out of the work force. So we have a median network of American family of $179k.
Enough to get them to social security. Not enough to retire.
YOu can post unthinking Progressive political propaganda. But that does not change the completely avoidable hardship Obama is imposing on nearly all Americans.
But you are what a delusional-compulsive is . No matter how much information you are given you remain as you are. This is why you are completely ignorant but in good in the Progressive faith of flat earth and dark ages.