To, assess the changing complexion of the US
labor force, we must analyse some of the points that BLS (Bureau of Labor statistics)
uses to analyze.
BLS uses laborforce participation rate (LFPR)
technique to analyze.
1) TRENDS IN AGGREGATE LABOR FORCE
monthly report of the statistics. The report says that the overall labor
participation rate was 49% in 1948. In 1960, that was grown to 67%. In 2006
end, it was 66.4%
2) GENDER AND THE LFPR (Labor force
shows that in beginning of 1950, approx one of three women of age 16 or older participated
in labor force. In 1999, the percentage was grown and happended 60%
3) AGE AND THE LFPR
effected LFPR most effectively. Approx 78 million people was born between
1946-1964, they were later reached to the state of working lives. We can think
this way, about recent participation rate of the labor force.
affects unionization most effectively. BLS analysis shows that some years ago
the percentage was 25%, which happened now 10% today. Now labor force decreased
as union force.
References - https://research.stlouisfed.org/publications/review/08/01/DiCecio.pdf
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