Women in U.S. Work Force Climbs to Highest Since 2002
Women in U.S. Work Force Climbs to Highest Since 2002
(Bloomberg) --
The proportion of prime-age women in the U.S. workforce jumped in August to its highest level in more than 17 years, reversing a surprising decline since the start of the year.
Labor force participation for women 25 to 54 years old advanced to 76.3%, up a full percentage point from July and the highest since February 2002, the Labor Department’s employment report showed Friday. Participation had been declining since reaching 76% in January despite the lowest overall unemployment rate in almost half a century.
“In some ways it was more perplexing that it had fallen earlier in the year in a very strong labor market,” said Julia Coronado, president and founder of MacroPolicy Perspectives LLC. “It’s more of a catch-up to where we should have been.”
Coronado said the jump might have been modestly boosted by hiring for the U.S. census but not enough to substantially explain the rise. A Labor Department report earlier this week projected prime-age women labor participation at 76.1% in 2028.
Participation among prime-aged men was little changed, rising 0.1 percentage point to 89% in August.
The Labor Department’s survey of households also showed that the unemployment rate among blacks fell to a record-low of 5.5%, although participation among black men 20 years and older eased 0.1 percentage point to 68.3%.
Participation is the share of people working or actively seeking jobs divided by the civilian population aged 16 and over.
--With assistance from Sophie Caronello.
To contact the reporter on this story: Christopher Condon in Washington at ccondon4@bloomberg.net
To contact the editors responsible for this story: Alister Bull at abull7@bloomberg.net, Vince Golle, Margaret Collins
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