The US labor force participation rate dropped to 60.2 percent in April 2020 from 62.7 percent in the previous month, reflecting the negative effects of the coronavirus pandemic and efforts to contain it. That was the lowest rate since January 1973.
Labor Force Participation Rate in the United States averaged 62.88 percent from 1948 until 2020, reaching an all time high of 67.30 percent in January of 2000 and a record low of 58.10 percent in December of 1954. This page provides the latest reported value for - United States Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Labor Force Participation Rate in the United States is expected to be 62.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in the United States to stand at 61.90 in 12 months time. In the long-term, the United States Labor Force Participation Rate is projected to trend around 62.70 percent in 2021 and 62.90 percent in 2022, according to our econometric models.