The labor force participation rate in the US edged up to 62.3 percent in May of 2022 from a 3-month low of 62.2 percent in April. The share of the population that is working or looking for work remains 1.1 percentage points below their February 2020 values, as Americans that left work during the pandemic are coming back slowly due in part due to childcare and early retirement. source: U.S. Bureau of Labor Statistics
Labor Force Participation Rate in the United States averaged 62.85 percent from 1948 until 2022, 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 2022.
Labor Force Participation Rate in the United States is expected to be 62.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Labor Force Participation Rate is projected to trend around 62.50 percent in 2023 and 62.90 percent in 2024, according to our econometric models.