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 PARTICIPATION
BLS manages 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 participation rate)
BLS analysis 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
Age factor 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.
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.
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