Monday, October 5, 2015

Labor Force Participation Rate Hits All-Time Low for American Men

CNS News
October 5, 2015

Construction workers in New York. (AP File Photo)
(CNSNews.com) - The labor force participation rate for men hit an all-time low of 68.7 percent in September, the Labor Department's Bureau of Labor Statistics reported on Friday.
Last month, according to BLS, the male civilian non-institutional population, consisting of all males 16 or older who are not in the military or an institution was 121,365,000. Of those 121,365,000 men, 83,402,000 participated in the labor force by either holding a job or actively seeking one.
The 83,402,000 men who participated in the labor force in September equaled 68.7 percent of the 121,365,000 male civilian noninstitutional population. That is the lowest labor force participation rate for men since BLS began keeping the labor force participation rate in 1948.

In January 1948, 86.7 percent of men 16 and over were participating in the natilabor force. The participation rate for men was 72.4 percent when President Obama took office in 2009.
The labor force participation rate for women generally climbed in the first five decades after World War II. In January 1948, it was 32.0.  In April 200, it hit a peak of 60.3 percent. From this August to September, it dropped from 56.7 percent to 56.4 percent--a low not seen in 27 years.
In September, BLS says there were 129,960,000 women 16 and older in the nation's civilian noninstitutional population, and 73,313,000 of them participated by holding a job or actively looking for one.

In January 1948, the first year BLS recorded such data, 32 percent of women 16 and over were participating in the nations civilian labor force.

The participation rate for women 16 and over was 59.4 percent when President Obama took office. The highest it's been this year is 56.8 in both January and May.

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