Job Market Monitor
Participation
Labour Force Participation Of Older Workers In Sweden – The recent rise
Between 1963 and 2000 the labor force participation rate among males in the age group 60–64 in Sweden fell from around 85 to 55 percentage points. However, since then, the labor force participation has started to rise again and is now above 75 percent in the age group. Although the long term development for female … Continue reading
Aging Workforce – Participation of older workers would have to rise significantly to stem the decline in aggregate participation IMF says
Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of … Continue reading
Intention to depart the workforce earlier is also significantly associated with poor-quality management and experiencing adverse social behaviour
Demographic change is changing the face of working life across the EU. The increased demand on a shrinking pool of workers to provide for the social needs of an ageing population is leading to increases in the employment rate of older workers and a lengthening of working life. Policy reforms have – on the whole … Continue reading
US – What reasons are given for nonparticipation in the labor force?
While a comprehensive explanation of labor force nonparticipation is outside the scope of this paper, we can gain some insight from self-reported reasons for being out of the labor force.2 In figure 3, we describe the reasons that prime-age men and women give for their nonparticipation. (The percentage in each category is out of the … Continue reading
Participation rate of 55 and over In Canada – Increased from 24% to 38% from 1996 to 2016
Since 2007—prior to the economic downturn of 2008/2009—the overall labour force participation of Canadians declined by about two percentage points. The first part of the study investigates the extent to which aging affected changes in labour market participation rates since 2007, based on data from the Labour Force Survey (LFS). In the second part, the … Continue reading
Participation in US – 11 percentage point gap in participation rates between men with a college degree and those with a high school degree or less
For decades, the portion of prime-age men (ages 25 to 54) in the labor force has been in decline. More recently, the labor force participation rate of prime-age women has stagnated and also declined. This paper addresses the consequences of, and reasons for, these declines, especially among men. A subsequent effort will address appropriate policy … Continue reading
Social Media – Does its use contributes to employability and sociality ?
The information age and proliferation of new media pose new questions and dilemmas. Research indicates that the proliferation of social media has widened a participation gap, also known as the digital divide, which affects mainly the low skilled and the low educated, because they are not media literate enough, to use digital information in an … Continue reading
Prime-age male labor force participation in US – Half of those not in the labor force take pain medications daily
The share of prime-age men in the labor force has declined from its peak of 98 percent in 1954 to 88 percent today, reports the Council of Economic Advisers. This precipitous decline was largely masked as women entered the workforce in record numbers up until the 1990s, when their participation rate began to stagnate and … Continue reading
US – A continuous decline in the overall participation rates until 2060 BLS says
In the Census Bureau’s latest projections, the growth rate (percentage change) of the resident population is projected to decrease in the long term. In 2022, the share of natural increase and immigration in projections of the resident population will be equal and at 50 percent. The civilian noninstitutional population is projected to grow from … Continue reading
Labor Force Participation in US – The CBO’s projections: a drop of 3.7 percentage points over 30 years
What Are CBO’s Current Projections of Labor Force Participation? CBO projects that the rate of labor force participation (that is, the number of people who are either working or seeking work as a share of the civilian noninstitutionalized population age 16 or older) will decline from 62.8 percent in 2017 to 61.0 percent in 2027 and … Continue reading
The decline in prime-age male labor force participation in US – A White House report
For more than sixty years, the share of American men between the ages of 25 and 54, or “prime- age men,” in the labor force has been declining. This fall in the prime-age male labor force participation rate, from a peak of 98 percent in 1954 to 88 percent today, is particularly troubling since workers … Continue reading
Immigrant Participation in Europe – Lower than for nationals with a higher unemployment rate and a lower employment rate
In 2015 in the European Union (EU), the proportion of people economically active (employed and unemployed) stood just below 70% for non-EU citizens aged 20 to 64 (69.8%), while the activity rate was above 77% for citizens of the reporting country (77.3%), referred to as “nationals”. A similar pattern is observed in most EU Member … Continue reading
Long-Term Impact of Mass Layoffs – As layoffs increase by 1%, total labour force shrinks by 0.15 percentage points
When 1% of a county’s labour force is laid off, the county’s total labour force shrinks by 0.15 percentage points within three years. Between 2001 and 2011, internal migration, take-up of disability insurance, and early retirement account for three-quarters of the decline in the labour force following a significant economic downturn, with internal migration accounting … Continue reading
Youth Labour Force Participation in Canada – The first significant, prolonged decline since the early 1990s
The labour force participation rate of 15- to 24-year-olds (the percentage who are employed or seeking employment) declined from 67.3% in 2008 to 64.2% in 2014, reflecting a 3.8-percentage-point drop from 2008 to 2012 followed by a slight increase (Chart 1). The decline was particularly pronounced among youth aged 15 to 19, whose participation rate fell … Continue reading
US – Participation and work schedules
With a working population in the range of 144 million, one tends to think of a rush of workers to their place of employment in the morning and a rush to home in the evening. But many parts of the work force do not fully participate in that diurnal work flow. Figure 6-2 provides fundamental … Continue reading
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