econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 04 February 2017

Women's Labor Force Participation Down, Capping Jobs Economic Growth

from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

Without a dramatic surge in the number of women joining the labor force - immigration - it will be virtually impossible to add 25 million jobs in the next eight years, as the Trump administration has promised. This is because a key measure of economic health, the percentage of people participating in the work force (LFPR), that showed positive trends in the 20th century, has been going in the wrong direction largely because of a shrinking percentage of women participating in the labor force.

The vast majority of baby boomers attained adulthood in the 28 years between the end of President Truman’s last term and the end of President Carter’s term, when male and female populations both grew at about 1.7% per year, on average. But in the next 20 years, until the beginning of the 21st century, the male population grew at only three-quarters of that pace and the female population grew at only two-thirds of that pace. In the 21st century, population growth slowed a bit further (not shown). The point that many already appreciate is that overall population growth is well below what it used to be through the waning years of the Carter administration. But drilling down to gender-related data shows a much more troubling story.

Following the end of World War II, almost seven-eighths of the over-16 male population and nearly one-third of the over-16 female population were in the labor force (see chart). However, the LFPR for men has fallen continuously ever since, with the decline speeding up between the mid-1950s and the mid-1960s, then slowing somewhat until the eve of the Great Recession, around which time it took another step down, ending up at 69%.

In sharp contrast, the LFPR for women kept rising throughout the second half of the 20th century, converging quickly with the male LFPR, and rising rapidly between the mid-1970s and early 1980s - essentially the Carter years and early Reagan years. The pace of increase in the LFPR for women slowed in the 1980s and 1990s, and then peaked just above 60% around the end of the 20th century.

In effect, this convergence between the LFPRs for men and women, which was a critical feature of the 20th century job market, ended in the late 1990s. Only in the wake of the Great Recession did the two LFPRs come a bit closer, but that was just because the men’s participation rate fell even faster than women’s.

The end of this convergence by the late 20th century - before which a rising overall LFPR kept boosting the potential labor force - has taken away a major pillar of labor force growth, which helps define the limits to job growth. At this juncture, absent the demographics the U.S. used to enjoy in the 1950s, 1960s and 1970s - and without a dramatic surge in immigration or the number of women joining the labor force - it will be virtually impossible for any president to add 25 million jobs in the next eight years.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 1
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2
News Blog
PewDiePie Weathering The Storm
American Doctors: The Prognosis Isn't Good
What We Read Today 24 March 2017
The Federal Reserve Banks Provided $91.5 Billion Remittances To The U.S. Treasury In 2016
17 March 2017: ECRI's WLI Growth Index Shows Continued Moderate Slowing Of Rate of Growth
Durable Goods New Orders Improved in February 2017
Why NASA Won't Send Humans To Venus
Rail Week Ending 18 March 2017: Short Term Rate of Growth Slowing
How Taxes And Transfers Affect The Work Incentives Of People With Low And Moderate Income
How Tourism Affects China's Current Account Surplus
Infographic Of The Day: The Habits Of Highly Successful Entrepreneurs
To Where The Maple Syrup Flows
The U.S. Has The Most Expensive Healthcare System In The World
Investing Blog
Investing.com Weekly Wrap-Up 24 March 2017
Early Headlines: Asia Stocks Mixed, Dollar, Oil Up, Gold Down, Health Care Vote Today, Calif. Solar, Russia And Poison, Mumbai Bridge, Sanctions Cause Suffering In N. Korea, And More
Opinion Blog
Time To Stop Rewarding Economists For Bad Behaviour
The American Dream: An Endangered Ethos
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
24Mar2017 Market Close: Trumpcare Collapses But Little Affect On The Markets
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved