The labor force participation rate in the US edged down to 61.6 percent in May 2021 and has remained within a narrow range of 61.4 percent to 61.7 percent since June 2020. The participation rate is 1.7 percentage points lower than in February 2020. source: U.S. Bureau of Labor Statistics
Labor Force Participation Rate in the United States averaged 62.86 percent from 1948 until 2021, 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 June of 2021.
Labor Force Participation Rate in the United States is expected to be 61.70 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 62.70 in 12 months time. In the long-term, the United States Labor Force Participation Rate is projected to trend around 62.70 percent in 2022 and 62.90 percent in 2023, according to our econometric models.