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DROP / fe57214a-5e62-45cd-836f-55d3dfa90f3b / How many years was the time span where women entering the U.S. workforce…

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question

How many years was the time span where women entering the U.S. workforce represented a nearly 8 percentage point increase in the overall LFPR?
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From 1962 to 1999, women entering the U.S. workforce represented a nearly 8 percentage point increase in the overall LFPR. The U.S. overall LFPR (age 16+) has been falling since its all-time high point of 67.3% reached in January-April 2000, reaching 62.7% by January 2018. This decline since 2000 is primarily driven by the retirement of the Baby Boom generation. Since the overall labor force is defined as those age 16+, an aging society with more persons past the typical prime working age (25-54) exerts a steady downward influence on the LFPR. The decline was forecast by economists and Demography going back into the 1990s, if not earlier. For example, during 1999 the BLS forecast that the overall LFPR would be 66.9% in 2015 and 63.2% in 2025. A 2006 forecast by Federal Reserve economists (i.e., before the Great Recession that began in December 2007) estimated the LFPR would be below 64% by 2016, close to the 62.7% average that year.

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Source and history

upstream_id / Original problem ID
fe57214a-5e62-45cd-836f-55d3dfa90f3b
task_id
2c72c49d-896c-5d1f-9185-25c743aa30dc
task_key
default--validation--fe57214a~2d5e62~2d45cd~2d836f~2d55d3dfa90f3b
task_revision_id
1
config / split
default / validation

Official source

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