The labor force participation rate in the United States increased by 0.3 percentage point to 61.7 percent in October 2020, remaining 1.7 percentage points below the February level. source: U.S. Bureau of Labor Statistics

Labor Force Participation Rate in the United States averaged 62.87 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 December of 2020.

Labor Force Participation Rate in the United States is expected to be 61.60 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.

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United States Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.70 61.40 67.30 58.10 1948 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 12:30 PM Jul 61.4% 61.5% 61.5%
2020-09-04 12:30 PM Aug 61.7% 61.4% 61.6%
2020-10-02 12:30 PM Sep 61.4% 61.7% 61.5%
2020-11-06 01:30 PM Oct 61.7% 61.4% 61.5%
2020-12-04 01:30 PM Nov 61.7% 61.6%
2021-01-08 01:30 PM Dec
2021-02-05 01:30 PM Jan
2021-03-05 01:30 PM Feb

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 7.90 14.70 2.50 percent [+]
Non Farm Payrolls 638.00 672.00 4781.00 -20787.00 Thousand [+]
Nonfarm Payrolls Private 906.00 892.00 4729.00 -19835.00 Thousand [+]
Government Payrolls -268.00 -220.00 465.00 -952.00 Thousand [+]
Manufacturing Payrolls 38.00 60.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 778.00 748.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 6071.00 6370.00 24912.00 988.00 Thousand [+]
ADP Employment Change 365.00 753.00 4485.00 -19409.00 Thousand [+]
Employed Persons 149806.00 147563.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 11061.00 12580.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.00 4.70 -1.30 percent [+]
Average Weekly Hours 34.80 34.80 34.80 33.70 Hours [+]
Labor Force Participation Rate 61.70 61.40 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.21 1.50 4.40 0.08 percent [+]
Youth Unemployment Rate 11.70 13.50 27.40 4.80 percent [+]
Labour Costs 114.04 116.73 116.73 17.00 points [+]
Productivity 112.41 111.08 112.41 25.99 points [+]
Job Vacancies 6608.00 6645.00 7746.00 2157.00 Thousand [+]
Job Offers 6436.00 6352.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 80666.00 118804.00 671129.00 15100.00 Persons [+]
Wages 24.82 24.77 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.95 23.03 23.03 1.27 USD/Hour [+]
Wage Growth 2.11 1.89 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.50 2.00 0.20 percent [+]
Population 329.13 327.17 329.13 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 57.40 56.60 64.70 51.30 percent [+]
Full Time Employment 123593.00 122423.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 311.68 319.69 1352.18 31.95 Thousand [+]
Part Time Employment 26163.00 25161.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 748.50 743.50 5790.25 179.00 Thousand [+]


United States Labor Force Participation Rate
The civilian labor force participation rate is the number of employed and unemployed but looking for a job as a percentage of the population aged 16 years and over.