Between October and November, the labor force participation rate for Black women dropped to 60.3%, effectively erasing the impressive gains reported in August. PDF The Labor Force and the Great Recession October 2012 - Stanford University Roughly 108,000 workers are still missing from this sector, where women dominate the workforce and wages skew toward the lower end of the distribution. With more open jobs than available workers and wages increasing among white- and blue-collar jobs alike, employers must turn their focus toward compensation necessary to attract and retain strong talent, ManpowerGroups Becky Frankiewicz told Brookings Metro. The Black-white unemployment ratio in the nations capital remained the highest in the country, at 5.9, while Massachusetts again had the lowest ratio, at 1.3. The pandemic is also not associated with a widening of the gender pay gap. Texas and New Jersey had the lowest AAPI unemployment rates among states with estimates that were not heavily weighted by national data, both at 2.0%. June 02, 2023, Labor Force Statistics from the Current Population Survey, Top Picks, One Screen, Multi-Screen, and Maps, Industry Finder from the Quarterly Census of Employment and Wages. The national Black unemployment rate for 2023 Q1 fell to 5.7%, an improvement compared with the previous three quarters. What the US unemployment rate doesn't tell you (January 25, 2023). The unemployment rates for white people (3.2%), Asian American people (3.8%) and Latino or Hispanic people (4.9%) declined in December. Newsroom The AAPI unemployment rate was highest in Nevada, at 4.4%, in the first quarter of 2023; Nevada was once again the only state with an AAPI unemployment rate above 4%. We apply this decomposition separately both to the unemployment rates, $$U_t$$, of each of the six groups of interest and to those of females, males, and all workers. Before sharing sensitive information, make sure youre on a federal government site. [CDATA[/* > Find data on earnings by sex, age, race and Hispanic origin, educational attainment, and occupation. For more details about the BLS's seasonal adjustment procedures, see Richard B. Tiller and Thomas D. Evans (2018), "Seasonal Adjustment Methodology for National Labor Force Statistics from the Current Population Survey (CPS)" (Washington: Bureau of Labor Statistics, December 13), https://www.bls.gov/cps/seasonal-adjustment-methodology.htm. Furthermore, inflationary headwinds complicate the economic environment for child care operators looking to attract new workers and capital sources to reopen community-based centers. African-American men working full-time earn only 72 percent of the average earnings of comparable Caucasian men and 85 percent of the earnings of Caucasian women (Rodgers, 2008). The Bureau of Labor Statistics (BLS) December jobs report, released January 7, provides some good news for the state of the nations economic recovery, yet the increase in jobs was lower than expected and disparities remain across race and gender. A-10. Unemployment rates by age, sex, and marital status, seasonally /*-->*/. Using an F-test, we find that the differences are statistically significant at least at the 10 percent level except for the difference between total and white (p-value 0.62), total and white female (p-value 0.39), all males and white males (p-value 0.33), all males and Black males (p-value 0.13), white and white females (p-value 0.17), Black and Hispanic (p-value 0.38), white males and Black males (p-value 0.59), and Black females and Hispanic males (p-value 0.74). The largest divergence between unemployment rates for Black men and women can be seen in 2009-2011 where Black men's unemployment reached as high as 18.4% in 2010 (4.6 percentage points higher . Gender and the Risk of Unemployment | St. Louis Fed Hutchins Roundup: Climate-induced losses, Russian oil price cap, and more, Addressing urgent challenges for the healthcare supply chain, Spurred by federal legislation, new industrial investments are reaching a wide swath of the country, The November jobs report shows Black women are leaving the labor force, Workers must use their newfound leverage to protect their careers from automation, An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services. According to the latest BLS Job Openings and Labor Turnover Summary, released January 4, the number of job openings decreased by 529,000 in November 2021 (to 10.6 million), for a job openings rate of 6.6%. Figures 2 and 3 plot the race or ethnicity differences in unemployment rate seasonality within gender, averaged for each month across data. 128, https://www.chicagofed.org/~/media/publications/economic-perspectives/2018/ep2018-3-pdf.pdf. On a monthly basis, the region's unemployment rate spiked to 11.9% (204,100 unemployed persons) in May 2020, before steadily declining to an historical low of 1.9% (32,500 unemployed persons) in April 2022. During pandemic, some workforce disparities between men, women grew Racial unemployment gaps persist Disaggregating labor market data by race and gender is important for getting a fuller picture of labor market outcomes and for advancing policy designed to uplift all of America. Change in Labor Force Participation Rate, February 2020 to August 2022 - accessible version. div#block-eoguidanceviewheader .dol-alerts p {padding: 0;margin: 0;} Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market This 1.5 percentage point dip represents a weakening attachment to the workforce for Black women in recent months: 181,000 of them have exited the workforce since September, with more than half (91,000) exiting in November alone. However, those states and demographic groups with typically small sample sizes require a heavier weighting of national-level data to supplement their analysis, and are noted as such with an asterisk (*). What factors lead to these outcomes? Among full- and part-time workers ages 25 and older, women earned 86% of what men earned based on median hourly earnings in the third quarter of 2021. Increasing vaccination rates among children will be instrumental in supporting the economic recovery for Black women. Some of this decline is offset by gains in food and beverage stores (9,000 jobs added) and building material and garden supply stores (7,000 jobs), but retail trade employment remains 176,000 jobs lower than in February 2020. Published by Statista Research Department , Feb 10, 2023. The series identification numbers are as follows: total not seasonally adjusted (NSA) (LNU04000000), male NSA (LNU04000001), female NSA (LNU04000002), white NSA (LNU04000003), white male NSA (LNU04000004), white female NSA (LNU04000005), Black/African American NSA (LNU04000006), Black/African American male NSA (LNU04000007), Black/African American female NSA (LNU04000008), Hispanic/Latino NSA (LNU04000009), Hispanic/Latino male NSA (LNU04000010), and Hispanic/Latino female NSA (LNU04000011). Disaggregating labor market data by race and gender is important for getting a fuller picture of labor market outcomes and for advancing policy designed to uplift all of America. According to BLS data, average hourly earnings for all employees increased 0.4% during the same period. In June 2007, for instance, the unemployment rate was 4.7 percent for men and 4.4 percent for women. Labor force characteristics by race and ethnicity, 2021 On December 1, the CDC announced the first confirmed case of the COVID-19 Omicron variant in the United Stateslikely a late indicator of spread that was already taking place. Policy lessonsand surprisesfrom the Reimagine Rural podcast, Centers for Disease Control and Prevention, first confirmed case of the COVID-19 Omicron variant in the United States, CDCs recommendation from 10-day isolation to five days. .agency-blurb-container .agency_blurb.background--light { padding: 0; } Gould also noted that the labor force fell by nearly 8 million workers in March and April 2020 and has regained about 70% of those losses since then.. Review of Monetary Policy Strategy, Tools, and Return to text, 2. As the Omicron variant continues to impact economic conditions, it is crucial that policymakers continue to use all available tools to aid economic recovery for everyone. These data are from the U.S. Bureau of Labor Statistics (BLS) Current Population Survey.2 Race, ethnicity, and gender (biological sex) information is self-reported or collected by proxy, typically from a designated household respondent. Copy the code below to embed this chart on your website. Washington, DC 202101-866-4-USA-DOL, Employment Issues Related to Pregnancy, Birth and Nursing, Women, Work, Aging and Financial Security. The overall state unemployment rates are taken directly from the LAUS. The unemployment rates for Asians (5.0 percent) and Native Hawaiians and Other Pacific Islanders (6.9 percent) were not much different from the overall unemployment rate in 2021. Statista. Facts Over Time Find data on how selected labor force characteristics change over time. Before sharing sensitive information, make sure youre on a federal government site. Omicron is already affecting peoples behavior and business practices, Zandi noted, which can be observed in lower credit card spending and less dining out. Find data on women's employment and earnings by occupation. Employment in leisure and hospitality remained largely unchanged in November, and the industry is still down by 1.3 million jobs, or 7.9%, compared to February 2020. We also leverage national-level data to construct weighted unemployment ratios, utilizing a greater share of national-level data for states with a high amount of volatility in race/ethnicity sample sizes. Employment and Unemployment Rates by Educational Attainment In a speech given earlier this year, Brainard emphasized the importance of inclusive indicators and the goal of full employment: The headline unemployment rate by itself can obscure important dimensions of labor market slack, so it is important toconsult a broad set of aggregated and disaggregated measures. She also noted that tighter labor markets can improve equity, saying groups that have faced the greatest challenges often make important labor market gains late in an expansion., As we face another pandemic winter, the World Health Organization has recently identified a variant of concern which theyve named Omicron.
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