United States Labor Force Participation Rate - Forecast

Labor Force Participation Rate in the United States is expected to be 62.90 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 62.90 percent in 2020, according to our econometric models.


United States Labor Force Participation Rate
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United States Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.9 4 4 3.9 3.8 4.2
Non Farm Payrolls 164 178 195 165 193 170
Nonfarm Payrolls Private 168 168 190 160 188 161
Government Payrolls -4 1 5 12 1 11
Manufacturing Payrolls 24 19 12.73 10 4.11 -2
Initial Jobless Claims 222 218 218 218 218 218
Continuing Jobless Claims 1707 1606 1500 1453 1433 1417
ADP Employment Change 204 212 193 160 163 150
Employed Persons 155181 156013 156270 156357 156371 154000
Unemployed Persons 6346 6846 6938 7023 7102 7758
Average Hourly Earnings 0.1 0.23 0.21 0.2 0.2 0.2
Average Weekly Hours 34.5 34.5 34.5 34.4 34.4 34.4
Labor Force Participation Rate 62.8 62.9 62.8 62.8 62.7 62.9
Long Term Unemployment Rate 0.8 1.05 0.8 0.8 0.9 1.1
Youth Unemployment Rate 8.4 9.1 9.2 9.3 9.3 10
Labour Costs 110 109 109 109 109 108
Productivity 109 109 109 109 109 109
Job Vacancies 6469 5353 5280 5201 5122 4470
Job Offers 6550 6010 5976 5923 5869 5396
Challenger Job Cuts 36081 47622 52487 62300 58521 63500
Wages 22.51 22.77 23.35 23.8 24.11 25.9
Wage Growth 4.45 4.52 4.51 4.51 4.51 4.51
Wages in Manufacturing 21.49 21.74 21.87 22.06 22.38 24.61
Minimum Wages 7.25 7.25 7.25 7.25 7.5 7.5
Employment Cost Index 0.8 0.64 0.65 0.65 0.66 0.71
Population 326 328 327 328 328 334
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Rate 60.3 60.5 60.6 60.6 60.7 60.9
Full Time Employment 127753 128283 128393 128387 128338 127556
Part Time Employment 27508 27434 27418 27403 27388 27230
Living Wage Family 2240 2300 2300 2300 2380 2380
Living Wage Individual 1540 1478 1485 1492 1488 1469
Wages High Skilled 4290 4500 4500 4500 4550 4550
Wages Low Skilled 2090 2150 2150 2150 2150 2200