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About the Author

Evan Cunningham
cunningham.evan@bls.gov

Evan Cunningham is an economist in the Office of Employment and Unemployment Statistics, U.S. Bureau of Labor Statistics.

Article Citations

Crossref0

Tight labor market continues in 2018 as the unemployment rate falls to a 49-year low,Monthly Labor Review, 2019.

9 Demography of the Labor Force,Handbook of Population, 2019.

Grandparents Claiming Grandchildren for Tax Benefits: An Analysis of Over-napping Generations,National Tax Journal, 2025.

The Great Recession and Physical Activity of Young Adults,American Journal of Lifestyle Medicine, 2023.

Ethnoracial differences in income and safety net patterns among low‐income postpartum families before and during the Great Recession,Poverty & Public Policy, 2024.

Does economic freedom lighten the blow? Evidence from the great recession in the United States,Economics of Governance, 2023.

Unemployment rises in 2020, as the country battles the COVID-19 pandemic,Monthly Labor Review, 2021.

Narrowing the College Readiness Gap: Assessing GEAR UP Iowa's Intermediate Impact on Underserved Students,Journal of Education for Students Placed at Risk (JESPAR), 2021.

The Politics of Personal Crisis: How Negative Life Events Affect Political Participation,SSRN Electronic Journal, 2020.

Declines in Non-marital Births Among Black Women Between 2004 and 2014: Are Recent Trends the Result of Increases in Contraception?,Population Research and Policy Review, 2022.

Did Unemployment Insurance Modernization Provisions Increase Benefit Receipt among Economically Disadvantaged Workers?,Social Service Review, 2024.

“Deaths of despair” over the business cycle: New estimates from a shift-share instrumental variables approach,Economics & Human Biology, 2024.

Arts majors and the Great Recession: a cross-sectional analysis of educational choices and employment outcomes,Journal of Cultural Economics, 2022.

Gender Differences in Consumer Debt Stress: Impacts on Job Performance, Family Life and Health,Journal of Family and Economic Issues, 2023.

Race and Ethnicity Matter: Heterogeneous Effects of the Post-9/11 GI Bill on Veterans’ College Enrollments,Journal of Economics, Race, and Policy, 2021.

Did Medicaid slow declines in access to health care during the great recession?,Health Services Research, 2021.

Communities Moving Ahead, Falling Behind: Evidence from the Index of Deep Disadvantage,The ANNALS of the American Academy of Political and Social Science, 2021.

Using Longitudinal Surveillance of Unemployment Claims During Public Health Emergencies to Provide Timely and Granular Data on the Social Determinants of Health,Public Health Reports®, 2024.

Who picks up the slack? Understanding spousal responses to unemployment spells,Labour Economics, 2025.

Collective Trauma and Mental Health Hospitalization Rates Among Children in New York State, 1999–2013: Age, Period, and Cohort Effects,Journal of Traumatic Stress, 2020.

Impacts of the Great Recession on Public and Private Preschool Enrollment,Recent Advancements in Education Finance and Policy, 2022.

Non-bank credit and food hardship: The association between payday loans, pawn loans, rent-to-own contracts and food hardship in households with children,Children and Youth Services Review, 2024.

Family Self-Sufficiency Program Outcomes for Participants Enrolling During and After the Great Recession,Families in Society: The Journal of Contemporary Social Services, 2022.

Stepping into adulthood during a recession: Did job losses during the Great Recession impact health of young adults?,Health Economics, 2022.

Annual Research Review: Sex, gender, and internalizing conditions among adolescents in the 21st century – trends, causes, consequences,Journal of Child Psychology and Psychiatry, 2024.

Intentional response distortion during the COVID‐19 pandemic,International Journal of Selection and Assessment, 2023.

Artificial intelligence and the work–health interface: A research agenda for a technologically transforming world of work,American Journal of Industrial Medicine, 2023.

Asian entrepreneurship in the coronavirus era,Journal of Population Economics, 2024.

Article
April 2018

Great Recession, great recovery? Trends from the Current Population Survey

This article uses data from the Current Population Survey to examine the state of the U.S. labor market 10 years after the start of the Great Recession of 2007–09. By December 2017, unemployment rates had returned to prerecession lows for people of all ages, genders, major race and ethnicity groups, and levels of educational attainment. However, the long-term decline in labor force participation continued during this recovery, while long-term unemployment and involuntary part-time employment remained elevated.

It has now been a decade since the start of the Great Recession—the most severe economic downturn in the United States since the Great Depression.1 In a 2-year span starting in December 2007, the unemployment rate rose sharply, from about 5 percent to 10 percent. In late 2009, more than 15 million people were unemployed. Total employment, as measured by the Current Population Survey (CPS),2 dropped by 8.6 million, or almost 6 percent. In 2010, however, the U.S. economy and labor market began to recover. By December 2017, the unemployment rate had fallen to 4.1 percent. Employment had grown by 16.0 million, reaching a level about 5 percent higher than that in November 2007. However, not all U.S. labor market indicators had returned to their pre-Great Recession levels. The number of long-term unemployed, especially those who had been jobless for a year or more, remained elevated. The ranks of those working part time involuntarily were still sizable. In addition, long-term trends, such as the decline in labor force participation, continued throughout the recession and recovery. This article uses CPS data on unemployment, labor underutilization, labor force participation, employment, and earnings to analyze how the U.S. labor market has recovered from the Great Recession.

Unemployment

The unemployment rate represents the number of people who are jobless, looking for a job, and available for work, as a percentage of the labor force (all people who are employed or unemployed). During the 2007–09 recession,3 the unemployment rate more than doubled. (See figure 1.) The rate increased by 5.3 percentage points since November 2007, peaking at 10.0 percent in October 2009, when more than 15 million people were unemployed. This peak marked the highest unemployment rate since the aftermath of the 1981–82 recession, when the rate exceeded 10 percent for 10 consecutive months, from September 1982 to June 1983. The rate began to trend downward in April 2010, with sharper declines starting in January 2012. Between January 2012 and January 2016, the rate fell from 8.3 percent to 4.9 percent—an average decline of 0.9 percentage point per year. After holding steady for the first three quarters of 2016, the rate resumed its decline in the fourth quarter of 2016 and continued to fall throughout much of 2017. By December 2017, the unemployment rate had dropped to 4.1 percent, the lowest reading since December 2000.

Figure 1. Unemployment rates, by gender, seasonally adjusted, 1992–2017
PeriodTotalMenWomen

Jan 1992

7.37.86.7

Feb 1992

7.47.96.9

Mar 1992

7.47.96.9

Apr 1992

7.47.76.9

May 1992

7.68.17.1

Jun 1992

7.88.37.3

Jul 1992

7.78.07.3

Aug 1992

7.68.07.2

Sep 1992

7.68.07.2

Oct 1992

7.37.86.8

Nov 1992

7.47.87.0

Dec 1992

7.47.67.2

Jan 1993

7.37.47.0

Feb 1993

7.17.46.9

Mar 1993

7.07.56.5

Apr 1993

7.17.46.7

May 1993

7.17.36.8

Jun 1993

7.07.46.7

Jul 1993

6.97.26.5

Aug 1993

6.87.16.4

Sep 1993

6.77.06.4

Oct 1993

6.86.96.5

Nov 1993

6.66.76.5

Dec 1993

6.56.66.4

Jan 1994

6.66.86.4

Feb 1994

6.66.76.4

Mar 1994

6.56.56.5

Apr 1994

6.46.46.3

May 1994

6.16.16.0

Jun 1994

6.16.16.1

Jul 1994

6.16.35.9

Aug 1994

6.06.16.0

Sep 1994

5.95.85.9

Oct 1994

5.85.85.7

Nov 1994

5.65.65.6

Dec 1994

5.55.55.5

Jan 1995

5.65.65.6

Feb 1995

5.45.45.5

Mar 1995

5.45.35.5

Apr 1995

5.85.65.9

May 1995

5.65.85.5

Jun 1995

5.65.65.7

Jul 1995

5.75.65.8

Aug 1995

5.75.75.6

Sep 1995

5.65.65.7

Oct 1995

5.55.45.7

Nov 1995

5.65.75.5

Dec 1995

5.65.75.5

Jan 1996

5.65.65.8

Feb 1996

5.55.65.4

Mar 1996

5.55.65.3

Apr 1996

5.65.65.5

May 1996

5.65.65.5

Jun 1996

5.35.35.3

Jul 1996

5.55.55.4

Aug 1996

5.15.05.3

Sep 1996

5.25.25.2

Oct 1996

5.25.15.4

Nov 1996

5.45.35.4

Dec 1996

5.45.05.7

Jan 1997

5.35.35.3

Feb 1997

5.25.15.4

Mar 1997

5.25.15.2

Apr 1997

5.15.15.0

May 1997

4.94.65.2

Jun 1997

5.05.05.0

Jul 1997

4.94.85.0

Aug 1997

4.84.84.9

Sep 1997

4.94.75.0

Oct 1997

4.74.74.7

Nov 1997

4.64.64.7

Dec 1997

4.74.74.8

Jan 1998

4.64.54.8

Feb 1998

4.64.54.8

Mar 1998

4.74.64.8

Apr 1998

4.34.14.6

May 1998

4.44.34.5

Jun 1998

4.54.44.6

Jul 1998

4.54.64.5

Aug 1998

4.54.44.6

Sep 1998

4.64.64.6

Oct 1998

4.54.44.7

Nov 1998

4.44.34.6

Dec 1998

4.44.34.4

Jan 1999

4.34.24.4

Feb 1999

4.44.34.5

Mar 1999

4.23.94.4

Apr 1999

4.34.14.6

May 1999

4.24.24.2

Jun 1999

4.34.24.4

Jul 1999

4.34.24.5

Aug 1999

4.24.14.3

Sep 1999

4.24.14.4

Oct 1999

4.14.14.1

Nov 1999

4.14.04.2

Dec 1999

4.04.04.1

Jan 2000

4.03.94.1

Feb 2000

4.14.14.1

Mar 2000

4.03.84.3

Apr 2000

3.83.74.0

May 2000

4.03.94.2

Jun 2000

4.03.84.1

Jul 2000

4.03.94.2

Aug 2000

4.13.94.3

Sep 2000

3.93.94.0

Oct 2000

3.93.93.9

Nov 2000

3.93.94.0

Dec 2000

3.94.03.8

Jan 2001

4.24.24.1

Feb 2001

4.24.34.2

Mar 2001

4.34.34.2

Apr 2001

4.44.54.3

May 2001

4.34.44.2

Jun 2001

4.54.64.4

Jul 2001

4.64.64.5

Aug 2001

4.95.04.8

Sep 2001

5.04.95.0

Oct 2001

5.35.45.2

Nov 2001

5.55.75.4

Dec 2001

5.75.85.7

Jan 2002

5.75.85.5

Feb 2002

5.75.85.5

Mar 2002

5.75.95.6

Apr 2002

5.96.05.9

May 2002

5.85.85.7

Jun 2002

5.86.05.6

Jul 2002

5.85.95.7

Aug 2002

5.75.95.5

Sep 2002

5.75.95.5

Oct 2002

5.75.85.6

Nov 2002

5.96.15.6

Dec 2002

6.06.25.7

Jan 2003

5.86.25.4

Feb 2003

5.96.15.6

Mar 2003

5.96.15.7

Apr 2003

6.06.45.7

May 2003

6.16.45.7

Jun 2003

6.36.75.9

Jul 2003

6.26.65.7

Aug 2003

6.16.35.8

Sep 2003

6.16.45.8

Oct 2003

6.06.25.7

Nov 2003

5.86.25.4

Dec 2003

5.75.85.6

Jan 2004

5.75.75.7

Feb 2004

5.65.65.5

Mar 2004

5.85.85.8

Apr 2004

5.65.75.4

May 2004

5.65.85.4

Jun 2004

5.65.75.6

Jul 2004

5.55.55.5

Aug 2004

5.45.65.2

Sep 2004

5.45.65.2

Oct 2004

5.55.65.3

Nov 2004

5.45.55.2

Dec 2004

5.45.55.1

Jan 2005

5.35.45.1

Feb 2005

5.45.55.3

Mar 2005

5.25.35.1

Apr 2005

5.25.15.2

May 2005

5.15.05.2

Jun 2005

5.05.05.1

Jul 2005

5.04.95.1

Aug 2005

4.94.94.9

Sep 2005

5.05.05.1

Oct 2005

5.04.85.1

Nov 2005

5.05.05.1

Dec 2005

4.94.84.9

Jan 2006

4.74.64.8

Feb 2006

4.84.84.8

Mar 2006

4.74.74.7

Apr 2006

4.74.74.7

May 2006

4.64.74.5

Jun 2006

4.64.64.6

Jul 2006

4.74.74.7

Aug 2006

4.74.74.6

Sep 2006

4.54.44.7

Oct 2006

4.44.44.4

Nov 2006

4.54.54.5

Dec 2006

4.44.54.4

Jan 2007

4.64.74.5

Feb 2007

4.54.74.3

Mar 2007

4.44.54.3

Apr 2007

4.54.64.4

May 2007

4.44.64.3

Jun 2007

4.64.74.4

Jul 2007

4.74.74.6

Aug 2007

4.64.74.6

Sep 2007

4.74.84.5

Oct 2007

4.74.84.6

Nov 2007

4.74.84.6

Dec 2007

5.05.14.9

Jan 2008

5.05.24.8

Feb 2008

4.95.04.7

Mar 2008

5.15.25.0

Apr 2008

5.05.24.8

May 2008

5.45.65.2

Jun 2008

5.65.85.3

Jul 2008

5.86.25.3

Aug 2008

6.16.35.9

Sep 2008

6.16.75.5

Oct 2008

6.57.15.9

Nov 2008

6.87.46.2

Dec 2008

7.38.06.5

Jan 2009

7.88.67.0

Feb 2009

8.39.27.3

Mar 2009

8.79.77.6

Apr 2009

9.010.17.6

May 2009

9.410.68.0

Jun 2009

9.510.68.3

Jul 2009

9.510.58.3

Aug 2009

9.610.78.3

Sep 2009

9.810.98.5

Oct 2009

10.011.18.7

Nov 2009

9.911.08.6

Dec 2009

9.910.98.7

Jan 2010

9.811.08.4

Feb 2010

9.810.98.6

Mar 2010

9.910.98.7

Apr 2010

9.910.98.8

May 2010

9.610.48.8

Jun 2010

9.410.48.3

Jul 2010

9.410.38.5

Aug 2010

9.510.38.6

Sep 2010

9.510.28.6

Oct 2010

9.410.18.7

Nov 2010

9.810.59.0

Dec 2010

9.310.08.5

Jan 2011

9.19.78.5

Feb 2011

9.09.58.5

Mar 2011

9.09.58.4

Apr 2011

9.19.68.5

May 2011

9.09.58.5

Jun 2011

9.19.68.5

Jul 2011

9.09.58.4

Aug 2011

9.09.48.5

Sep 2011

9.09.38.7

Oct 2011

8.89.28.4

Nov 2011

8.68.98.3

Dec 2011

8.58.78.3

Jan 2012

8.38.48.2

Feb 2012

8.38.48.1

Mar 2012

8.28.48.0

Apr 2012

8.28.38.0

May 2012

8.28.47.9

Jun 2012

8.28.47.9

Jul 2012

8.28.38.0

Aug 2012

8.18.37.8

Sep 2012

7.88.07.6

Oct 2012

7.87.97.6

Nov 2012

7.77.97.6

Dec 2012

7.97.97.9

Jan 2013

8.08.27.8

Feb 2013

7.77.87.6

Mar 2013

7.57.67.5

Apr 2013

7.67.87.3

May 2013

7.57.97.1

Jun 2013

7.57.77.3

Jul 2013

7.37.76.8

Aug 2013

7.27.76.7

Sep 2013

7.27.76.7

Oct 2013

7.27.56.8

Nov 2013

6.97.26.7

Dec 2013

6.76.86.6

Jan 2014

6.66.86.3

Feb 2014

6.76.96.4

Mar 2014

6.76.76.7

Apr 2014

6.36.46.1

May 2014

6.36.46.2

Jun 2014

6.16.35.9

Jul 2014

6.26.26.1

Aug 2014

6.26.36.0

Sep 2014

5.95.96.0

Oct 2014

5.75.65.9

Nov 2014

5.85.85.8

Dec 2014

5.65.75.4

Jan 2015

5.75.95.5

Feb 2015

5.55.65.4

Mar 2015

5.55.65.4

Apr 2015

5.45.55.4

May 2015

5.55.65.4

Jun 2015

5.35.45.2

Jul 2015

5.25.25.2

Aug 2015

5.15.15.0

Sep 2015

5.05.15.0

Oct 2015

5.05.15.0

Nov 2015

5.05.14.9

Dec 2015

5.05.14.9

Jan 2016

4.94.94.9

Feb 2016

4.94.94.9

Mar 2016

5.05.05.1

Apr 2016

5.05.05.0

May 2016

4.74.74.7

Jun 2016

4.95.04.9

Jul 2016

4.95.04.6

Aug 2016

4.95.04.8

Sep 2016

5.05.14.8

Oct 2016

4.95.04.7

Nov 2016

4.64.74.5

Dec 2016

4.74.84.5

Jan 2017

4.84.84.8

Feb 2017

4.74.74.6

Mar 2017

4.54.64.3

Apr 2017

4.44.44.4

May 2017

4.34.24.3

Jun 2017

4.34.44.3

Jul 2017

4.34.44.3

Aug 2017

4.44.54.4

Sep 2017

4.24.24.2

Oct 2017

4.14.23.9

Nov 2017

4.14.24.1

Dec 2017

4.14.14

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During and immediately after the recession, the unemployment rate increased markedly for people in all age, gender, race, ethnicity, and education groups. Groups with historically higher unemployment rates, such as young people, Blacks or African Americans, and those with less than a high school diploma, continued to experience higher unemployment rates throughout the recession. During the labor market recovery from 2010 onward, the unemployment rates for all groups declined. By December 2017, the rates had returned to—or fallen slightly below—their respective prerecession levels.

Following the recession, unemployment was higher among men than among women. The unemployment rate for men reached 11.1 percent in October 2009. Women fared mildly better. While the unemployment rate among women peaked at 9.0 percent in November 2010, it was at least 2 percentage points lower than the rate for men for over a year (March 2009 to April 2010). This was the largest gap between male and female unemployment rates since the 1970s.4 The relatively high unemployment rate for men in the aftermath of the recession reflected, in part, their concentration in cyclically sensitive occupations, such as construction and extraction occupations. As the recovery continued, the gender difference disappeared quickly, and unemployment among both groups began to decline at a healthy pace. In January 2012, unemployment rates for men and women converged at a little over 8 percent and have tracked each other closely since then. In December 2017, the unemployment rate for men was 4.1 percent; the rate for women was little different, at 4.0 percent.

During the recession, unemployment rates about doubled for all major race and ethnicity groups. (See figure 2.) Unemployment was highest among Blacks and people of Hispanic or Latino ethnicity, as has been the case since comparable race and ethnicity data were first collected in the 1970s. (Prior to 2003, people who reported more than one race were included in the group they identified as the main race.) The rate for Hispanics peaked at 13.0 percent in August 2009, and the rate for Blacks reached 16.8 percent in March 2010. The unemployment rates for Whites and Asians had lower peaks and tracked each other more closely. The rate for Whites reached a high of 9.2 percent in October 2009. Two months later, in December 2009, the rate for Asians peaked at 8.4 percent.

Figure 2. Unemployment rates, by major race and ethnicity group, seasonally adjusted, 1992–2017
PeriodWhiteBlack or African AmericanAsianHispanic or Latino ethnicity

Jan 1992

6.413.511.0

Feb 1992

6.514.211.3

Mar 1992

6.514.111.2

Apr 1992

6.514.111.0

May 1992

6.614.711.7

Jun 1992

6.914.612.1

Jul 1992

6.714.411.7

Aug 1992

6.714.211.7

Sep 1992

6.713.911.8

Oct 1992

6.514.311.8

Nov 1992

6.514.112.0

Dec 1992

6.514.311.5

Jan 1993

6.314.111.3

Feb 1993

6.213.511.5

Mar 1993

6.113.711.3

Apr 1993

6.114.011.0

May 1993

6.213.110.2

Jun 1993

6.213.410.4

Jul 1993

6.112.710.7

Aug 1993

6.012.39.8

Sep 1993

5.912.510.0

Oct 1993

6.211.811.4

Nov 1993

5.712.610.5

Dec 1993

5.811.710.6

Jan 1994

5.713.110.5

Feb 1994

5.712.810.1

Mar 1994

5.712.49.9

Apr 1994

5.611.910.8

May 1994

5.211.79.6

Jun 1994

5.311.310.3

Jul 1994

5.310.910.1

Aug 1994

5.211.29.8

Sep 1994

5.110.610.1

Oct 1994

5.011.39.5

Nov 1994

4.810.88.9

Dec 1994

4.89.99.3

Jan 1995

4.810.310.2

Feb 1995

4.710.19.0

Mar 1995

4.79.78.9

Apr 1995

5.010.78.9

May 1995

5.010.09.8

Jun 1995

4.910.79.1

Jul 1995

4.910.98.8

Aug 1995

4.911.19.6

Sep 1995

4.911.19.1

Oct 1995

4.910.09.4

Nov 1995

5.09.79.5

Dec 1995

4.910.29.3

Jan 1996

4.910.69.4

Feb 1996

4.810.09.6

Mar 1996

4.810.69.6

Apr 1996

4.810.79.6

May 1996

4.910.29.6

Jun 1996

4.610.48.8

Jul 1996

4.710.68.8

Aug 1996

4.410.68.8

Sep 1996

4.510.68.2

Oct 1996

4.510.78.0

Nov 1996

4.610.68.5

Dec 1996

4.610.57.4

Jan 1997

4.510.88.4

Feb 1997

4.510.78.2

Mar 1997

4.410.58.3

Apr 1997

4.310.28.2

May 1997

4.110.37.7

Jun 1997

4.210.87.5

Jul 1997

4.29.57.9

Aug 1997

4.29.47.2

Sep 1997

4.29.57.4

Oct 1997

4.19.57.8

Nov 1997

3.99.57.0

Dec 1997

3.910.07.3

Jan 1998

4.09.47.1

Feb 1998

3.99.36.9

Mar 1998

4.09.26.9

Apr 1998

3.79.16.7

May 1998

3.88.96.9

Jun 1998

3.98.87.4

Jul 1998

3.89.57.3

Aug 1998

3.98.87.4

Sep 1998

3.99.17.3

Oct 1998

3.98.67.2

Nov 1998

3.88.67.1

Dec 1998

3.87.77.7

Jan 1999

3.87.86.7

Feb 1999

3.88.26.7

Mar 1999

3.68.05.8

Apr 1999

3.87.87.0

May 1999

3.77.46.7

Jun 1999

3.87.76.6

Jul 1999

3.78.76.5

Aug 1999

3.77.76.5

Sep 1999

3.68.56.7

Oct 1999

3.58.46.4

Nov 1999

3.58.06.0

Dec 1999

3.57.85.8

Jan 2000

3.48.25.6

Feb 2000

3.68.15.7

Mar 2000

3.57.46.1

Apr 2000

3.47.05.5

May 2000

3.57.75.8

Jun 2000

3.47.85.6

Jul 2000

3.57.75.8

Aug 2000

3.67.95.9

Sep 2000

3.57.35.8

Oct 2000

3.47.35.1

Nov 2000

3.57.36.0

Dec 2000

3.57.45.7

Jan 2001

3.68.25.8

Feb 2001

3.77.76.1

Mar 2001

3.78.36.2

Apr 2001

3.98.06.4

May 2001

3.87.96.3

Jun 2001

4.08.36.6

Jul 2001

4.08.06.2

Aug 2001

4.39.16.5

Sep 2001

4.38.96.7

Oct 2001

4.79.57.1

Nov 2001

4.99.87.3

Dec 2001

5.110.17.7

Jan 2002

5.110.07.8

Feb 2002

5.09.97.0

Mar 2002

5.010.57.5

Apr 2002

5.210.78.0

May 2002

5.110.27.1

Jun 2002

5.110.57.4

Jul 2002

5.29.87.4

Aug 2002

5.19.87.5

Sep 2002

5.19.77.4

Oct 2002

5.19.87.9

Nov 2002

5.110.77.8

Dec 2002

5.111.37.9

Jan 2003

5.210.55.57.9

Feb 2003

5.110.75.87.7

Mar 2003

5.110.36.57.8

Apr 2003

5.310.96.07.6

May 2003

5.410.95.58.0

Jun 2003

5.511.57.48.3

Jul 2003

5.410.95.98.0

Aug 2003

5.410.96.07.7

Sep 2003

5.311.16.47.3

Oct 2003

5.111.46.27.5

Nov 2003

5.210.25.27.4

Dec 2003

5.010.15.46.7

Jan 2004

5.010.45.07.3

Feb 2004

4.99.74.57.4

Mar 2004

5.110.34.37.6

Apr 2004

5.09.84.77.1

May 2004

4.910.14.66.9

Jun 2004

5.010.24.66.6

Jul 2004

4.711.03.96.8

Aug 2004

4.710.53.76.8

Sep 2004

4.610.34.56.8

Oct 2004

4.610.84.96.8

Nov 2004

4.610.74.16.7

Dec 2004

4.510.74.26.6

Jan 2005

4.510.64.16.0

Feb 2005

4.610.94.36.3

Mar 2005

4.510.53.95.8

Apr 2005

4.410.34.26.4

May 2005

4.410.14.26.0

Jun 2005

4.310.23.65.7

Jul 2005

4.29.24.85.5

Aug 2005

4.29.73.75.8

Sep 2005

4.49.44.36.4

Oct 2005

4.49.13.26.0

Nov 2005

4.310.63.66.1

Dec 2005

4.29.23.86.1

Jan 2006

4.18.93.05.5

Feb 2006

4.19.53.05.4

Mar 2006

4.09.53.55.2

Apr 2006

4.19.43.95.5

May 2006

4.18.73.35.0

Jun 2006

4.18.93.15.2

Jul 2006

4.19.52.45.2

Aug 2006

4.18.83.05.3

Sep 2006

3.99.03.05.5

Oct 2006

3.98.42.84.8

Nov 2006

4.08.53.15.1

Dec 2006

3.98.32.55.0

Jan 2007

4.27.93.15.5

Feb 2007

4.18.02.65.1

Mar 2007

3.88.43.05.0

Apr 2007

4.08.33.55.6

May 2007

3.98.33.25.8

Jun 2007

4.18.52.75.5

Jul 2007

4.28.12.75.9

Aug 2007

4.27.63.55.5

Sep 2007

4.28.03.45.9

Oct 2007

4.18.53.85.7

Nov 2007

4.28.53.65.9

Dec 2007

4.49.03.76.3

Jan 2008

4.49.13.16.3

Feb 2008

4.48.42.96.2

Mar 2008

4.59.23.66.9

Apr 2008

4.48.63.57.1

May 2008

4.89.64.16.9

Jun 2008

5.09.44.27.6

Jul 2008

5.210.03.77.5

Aug 2008

5.410.64.58.0

Sep 2008

5.411.34.08.0

Oct 2008

5.911.43.98.8

Nov 2008

6.211.54.88.7

Dec 2008

6.712.15.19.4

Jan 2009

7.112.76.110.1

Feb 2009

7.613.76.711.3

Mar 2009

8.013.76.511.7

Apr 2009

8.115.06.811.4

May 2009

8.515.07.012.3

Jun 2009

8.714.87.912.1

Jul 2009

8.714.88.112.5

Aug 2009

8.914.87.613.0

Sep 2009

8.915.37.612.6

Oct 2009

9.215.87.612.8

Nov 2009

9.215.77.212.4

Dec 2009

9.016.18.412.8

Jan 2010

8.816.58.312.9

Feb 2010

8.916.18.212.7

Mar 2010

8.916.87.612.9

Apr 2010

9.016.67.012.5

May 2010

8.715.57.812.0

Jun 2010

8.615.27.412.3

Jul 2010

8.515.67.912.2

Aug 2010

8.615.97.312.0

Sep 2010

8.616.06.612.3

Oct 2010

8.615.67.212.3

Nov 2010

8.916.27.512.9

Dec 2010

8.515.57.212.9

Jan 2011

8.115.86.812.3

Feb 2011

8.115.56.711.8

Mar 2011

8.015.87.311.6

Apr 2011

8.116.56.511.9

May 2011

7.916.37.211.6

Jun 2011

8.116.26.511.5

Jul 2011

8.015.97.411.2

Aug 2011

7.916.47.211.2

Sep 2011

7.915.98.011.2

Oct 2011

7.914.67.411.3

Nov 2011

7.715.66.411.2

Dec 2011

7.515.46.811.1

Jan 2012

7.413.66.710.7

Feb 2012

7.414.06.210.9

Mar 2012

7.314.06.410.6

Apr 2012

7.413.35.410.3

May 2012

7.413.55.510.9

Jun 2012

7.314.56.110.9

Jul 2012

7.314.25.910.2

Aug 2012

7.213.85.910.1

Sep 2012

7.013.64.99.7

Oct 2012

6.914.14.910.0

Nov 2012

6.813.36.39.9

Dec 2012

6.914.06.69.6

Jan 2013

7.113.76.49.7

Feb 2013

6.813.86.09.7

Mar 2013

6.713.05.19.3

Apr 2013

6.713.35.39.0

May 2013

6.713.44.59.0

Jun 2013

6.614.24.79.1

Jul 2013

6.512.65.39.4

Aug 2013

6.412.85.19.2

Sep 2013

6.313.05.48.8

Oct 2013

6.312.85.49.1

Nov 2013

6.112.35.28.7

Dec 2013

5.911.94.38.3

Jan 2014

5.712.14.88.3

Feb 2014

5.811.85.98.2

Mar 2014

5.812.15.67.9

Apr 2014

5.311.55.97.3

May 2014

5.411.45.57.7

Jun 2014

5.311.04.87.7

Jul 2014

5.311.64.27.7

Aug 2014

5.311.44.57.4

Sep 2014

5.111.04.46.8

Oct 2014

4.810.65.16.8

Nov 2014

5.010.94.76.6

Dec 2014

4.710.64.46.4

Jan 2015

4.910.44.06.7

Feb 2015

4.710.24.06.8

Mar 2015

4.810.03.36.8

Apr 2015

4.79.74.36.9

May 2015

4.810.34.06.8

Jun 2015

4.69.63.86.7

Jul 2015

4.59.13.96.9

Aug 2015

4.49.33.46.6

Sep 2015

4.49.23.66.2

Oct 2015

4.49.03.66.3

Nov 2015

4.49.33.96.4

Dec 2015

4.48.54.26.2

Jan 2016

4.38.93.75.9

Feb 2016

4.38.73.85.4

Mar 2016

4.39.04.05.6

Apr 2016

4.48.93.86.2

May 2016

4.28.24.05.6

Jun 2016

4.38.73.55.9

Jul 2016

4.28.43.85.4

Aug 2016

4.38.04.15.6

Sep 2016

4.48.33.86.4

Oct 2016

4.38.33.45.7

Nov 2016

4.27.93.05.7

Dec 2016

4.27.92.85.9

Jan 2017

4.37.83.85.9

Feb 2017

4.18.13.55.6

Mar 2017

3.98.03.35.1

Apr 2017

3.97.93.25.2

May 2017

3.77.63.65.2

Jun 2017

3.87.13.64.8

Jul 2017

3.77.43.85.1

Aug 2017

3.87.63.95.1

Sep 2017

3.773.65.1

Oct 2017

3.57.334.8

Nov 2017

3.77.234.8

Dec 2017

3.76.82.54.9

Note: People of Hispanic or Latino ethnicity can be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

By December 2017, the unemployment rates for the four major race and ethnicity groups had returned to their prerecession levels. The rates for Blacks and Hispanics have remained higher than the rates for Whites and Asians. In December 2017, the unemployment rate for Blacks (6.8 percent) was 3.1 percentage points above that for Whites (3.7 percent) but the lowest in the series’ history. The December 2017 rate for Hispanics (4.9 percent) was 1.2 percentage points higher than the rate for Whites but also little different from the series’ low.5 The unemployment rate for Asians (2.5 percent) was 1.2 percentage points lower than that for Whites.

During the recession, the unemployment rates for prime-working-age (25 to 54 years old) and older (55 years and over) people more than doubled, peaking at 9.0 percent in October 2009 and 7.4 percent in August 2010, respectively. (See figure 3.) Young people (16 to 24 years old) saw their unemployment rate rise from 10.8 percent in November 2007 to a record high of 19.5 percent in April 2010.

Figure 3. Unemployment rates, by age group, seasonally adjusted, 1992–2017
Period16 to 24 years25 to 54 years55 years and over

Jan 1992

13.96.24.4

Feb 1992

14.26.34.4

Mar 1992

14.16.34.5

Apr 1992

13.66.34.8

May 1992

14.46.54.9

Jun 1992

15.26.55.3

Jul 1992

14.56.45.3

Aug 1992

14.26.55.0

Sep 1992

14.56.44.8

Oct 1992

13.56.44.9

Nov 1992

14.36.34.7

Dec 1992

14.26.34.6

Jan 1993

14.06.14.4

Feb 1993

14.16.04.3

Mar 1993

13.66.04.3

Apr 1993

13.85.94.2

May 1993

14.25.94.2

Jun 1993

13.76.04.3

Jul 1993

13.15.94.3

Aug 1993

13.05.74.2

Sep 1993

12.65.74.6

Oct 1993

13.05.84.5

Nov 1993

12.95.54.2

Dec 1993

12.55.54.4

Jan 1994

13.45.44.5

Feb 1994

12.95.54.5

Mar 1994

13.15.34.5

Apr 1994

13.35.14.2

May 1994

12.54.94.1

Jun 1994

12.44.94.0

Jul 1994

12.44.94.1

Aug 1994

12.54.94.1

Sep 1994

12.14.83.7

Oct 1994

12.04.74.0

Nov 1994

11.44.53.9

Dec 1994

11.54.43.5

Jan 1995

11.44.53.9

Feb 1995

11.74.33.6

Mar 1995

11.64.33.5

Apr 1995

12.04.63.8

May 1995

11.94.63.8

Jun 1995

12.04.53.8

Jul 1995

12.54.53.8

Aug 1995

12.54.43.7

Sep 1995

12.74.43.6

Oct 1995

12.44.43.5

Nov 1995

12.04.53.8

Dec 1995

12.44.43.5

Jan 1996

12.84.53.6

Feb 1996

12.24.33.7

Mar 1996

12.24.33.6

Apr 1996

12.04.43.3

May 1996

12.24.43.6

Jun 1996

11.84.23.5

Jul 1996

12.44.23.7

Aug 1996

11.64.13.2

Sep 1996

11.44.23.3

Oct 1996

11.64.13.2

Nov 1996

11.94.33.0

Dec 1996

11.84.23.4

Jan 1997

12.24.23.1

Feb 1997

11.84.23.1

Mar 1997

11.74.13.2

Apr 1997

11.63.93.0

May 1997

11.13.93.1

Jun 1997

11.43.93.2

Jul 1997

11.23.83.0

Aug 1997

11.13.83.1

Sep 1997

11.23.83.0

Oct 1997

11.03.72.9

Nov 1997

10.83.52.7

Dec 1997

10.53.72.7

Jan 1998

10.93.62.7

Feb 1998

10.63.62.6

Mar 1998

10.53.72.7

Apr 1998

9.73.42.6

May 1998

10.33.42.6

Jun 1998

10.63.52.6

Jul 1998

10.63.52.8

Aug 1998

10.83.42.7

Sep 1998

11.03.42.7

Oct 1998

10.53.52.7

Nov 1998

9.83.43.0

Dec 1998

9.63.42.9

Jan 1999

10.23.32.8

Feb 1999

10.13.42.8

Mar 1999

9.93.22.8

Apr 1999

10.03.32.9

May 1999

9.63.22.8

Jun 1999

10.03.23.1

Jul 1999

9.93.33.0

Aug 1999

9.63.22.7

Sep 1999

10.23.22.6

Oct 1999

10.03.12.6

Nov 1999

9.93.02.6

Dec 1999

9.63.02.6

Jan 2000

9.43.12.7

Feb 2000

9.93.02.8

Mar 2000

9.63.02.7

Apr 2000

9.22.92.3

May 2000

9.83.12.5

Jun 2000

9.33.12.3

Jul 2000

9.33.22.5

Aug 2000

9.33.22.7

Sep 2000

8.93.12.7

Oct 2000

8.93.02.7

Nov 2000

9.13.02.8

Dec 2000

9.23.02.4

Jan 2001

9.63.32.7

Feb 2001

9.63.32.8

Mar 2001

9.83.32.7

Apr 2001

10.23.42.7

May 2001

9.93.52.6

Jun 2001

10.43.62.7

Jul 2001

10.23.72.9

Aug 2001

11.23.93.0

Sep 2001

10.84.03.3

Oct 2001

11.54.43.5

Nov 2001

11.64.63.5

Dec 2001

12.24.73.9

Jan 2002

12.14.73.6

Feb 2002

11.84.73.9

Mar 2002

12.54.73.6

Apr 2002

12.34.94.0

May 2002

11.65.03.9

Jun 2002

11.84.83.9

Jul 2002

12.14.83.7

Aug 2002

12.04.73.9

Sep 2002

11.74.73.8

Oct 2002

11.84.83.9

Nov 2002

12.15.03.6

Dec 2002

12.14.94.3

Jan 2003

12.04.84.1

Feb 2003

12.15.03.9

Mar 2003

12.05.03.9

Apr 2003

12.65.04.2

May 2003

12.95.14.3

Jun 2003

13.25.24.4

Jul 2003

13.05.14.1

Aug 2003

12.35.14.2

Sep 2003

12.85.14.0

Oct 2003

12.25.13.8

Nov 2003

12.14.93.9

Dec 2003

11.74.83.9

Jan 2004

12.04.73.7

Feb 2004

11.74.73.8

Mar 2004

12.04.93.7

Apr 2004

11.64.63.8

May 2004

12.14.64.0

Jun 2004

12.04.64.1

Jul 2004

12.14.53.5

Aug 2004

11.54.53.7

Sep 2004

11.74.43.7

Oct 2004

12.14.33.8

Nov 2004

11.54.43.7

Dec 2004

11.74.43.4

Jan 2005

11.64.33.5

Feb 2005

12.44.33.6

Mar 2005

11.84.23.5

Apr 2005

11.84.13.5

May 2005

11.74.13.3

Jun 2005

11.14.13.1

Jul 2005

10.74.13.4

Aug 2005

11.14.03.2

Sep 2005

10.84.23.6

Oct 2005

10.84.13.2

Nov 2005

11.14.23.2

Dec 2005

10.54.03.2

Jan 2006

10.43.83.1

Feb 2006

10.84.02.9

Mar 2006

10.53.92.6

Apr 2006

10.33.93.0

May 2006

10.03.83.0

Jun 2006

10.43.73.0

Jul 2006

10.93.83.1

Aug 2006

10.73.82.9

Sep 2006

10.63.62.9

Oct 2006

10.63.43.0

Nov 2006

10.63.63.0

Dec 2006

10.03.63.0

Jan 2007

10.33.73.3

Feb 2007

9.93.83.1

Mar 2007

10.03.53.1

Apr 2007

10.33.63.1

May 2007

9.93.63.2

Jun 2007

10.63.63.1

Jul 2007

10.53.83.2

Aug 2007

10.73.83.2

Sep 2007

11.23.73.1

Oct 2007

10.73.83.1

Nov 2007

10.83.93.0

Dec 2007

11.74.03.2

Jan 2008

11.74.03.3

Feb 2008

11.43.93.3

Mar 2008

11.44.23.4

Apr 2008

11.04.23.0

May 2008

13.04.43.2

Jun 2008

12.94.53.3

Jul 2008

13.54.73.7

Aug 2008

13.15.24.2

Sep 2008

13.55.24.2

Oct 2008

13.65.54.5

Nov 2008

14.05.94.8

Dec 2008

14.86.45.0

Jan 2009

15.07.05.4

Feb 2009

16.07.45.8

Mar 2009

16.57.76.3

Apr 2009

16.78.06.5

May 2009

17.68.46.7

Jun 2009

18.08.57.0

Jul 2009

17.98.46.8

Aug 2009

18.18.76.8

Sep 2009

18.48.96.7

Oct 2009

19.19.06.9

Nov 2009

19.28.87.0

Dec 2009

18.88.87.2

Jan 2010

18.88.86.9

Feb 2010

18.78.87.2

Mar 2010

18.88.96.9

Apr 2010

19.58.87.0

May 2010

18.18.77.0

Jun 2010

18.28.56.8

Jul 2010

18.48.46.8

Aug 2010

17.78.57.4

Sep 2010

17.98.57.1

Oct 2010

18.78.37.1

Nov 2010

18.58.77.2

Dec 2010

17.98.36.8

Jan 2011

18.18.06.7

Feb 2011

17.78.06.5

Mar 2011

17.67.96.5

Apr 2011

17.68.16.5

May 2011

17.38.06.7

Jun 2011

17.18.26.9

Jul 2011

17.37.96.8

Aug 2011

17.48.06.6

Sep 2011

17.38.16.6

Oct 2011

16.77.87.0

Nov 2011

17.07.66.3

Dec 2011

16.77.56.2

Jan 2012

16.17.45.9

Feb 2012

16.57.35.8

Mar 2012

16.27.16.2

Apr 2012

16.67.06.3

May 2012

16.17.16.5

Jun 2012

16.27.26.2

Jul 2012

16.37.16.2

Aug 2012

16.77.05.8

Sep 2012

15.56.85.9

Oct 2012

16.06.85.9

Nov 2012

15.96.65.8

Dec 2012

16.56.75.9

Jan 2013

16.86.86.0

Feb 2013

16.36.55.7

Mar 2013

16.16.45.5

Apr 2013

16.36.45.5

May 2013

16.36.45.3

Jun 2013

16.06.55.4

Jul 2013

15.46.35.0

Aug 2013

15.76.25.0

Sep 2013

15.16.25.2

Oct 2013

14.86.25.5

Nov 2013

14.16.24.9

Dec 2013

13.45.85.1

Jan 2014

14.25.64.5

Feb 2014

14.55.84.5

Mar 2014

14.55.74.7

Apr 2014

13.05.44.6

May 2014

13.35.44.6

Jun 2014

13.15.14.5

Jul 2014

13.55.14.5

Aug 2014

13.25.34.5

Sep 2014

13.94.93.9

Oct 2014

12.64.84.1

Nov 2014

12.64.84.5

Dec 2014

12.24.73.9

Jan 2015

12.24.84.1

Feb 2015

11.94.64.2

Mar 2015

12.44.53.9

Apr 2015

11.74.74.0

May 2015

12.34.73.7

Jun 2015

11.94.33.7

Jul 2015

11.54.43.7

Aug 2015

11.14.33.8

Sep 2015

11.24.23.8

Oct 2015

10.94.33.5

Nov 2015

11.14.33.7

Dec 2015

11.14.33.2

Jan 2016

10.34.23.7

Feb 2016

10.54.23.8

Mar 2016

10.64.23.9

Apr 2016

10.94.33.7

May 2016

10.54.03.4

Jun 2016

10.64.23.6

Jul 2016

10.84.03.7

Aug 2016

10.34.23.6

Sep 2016

10.44.33.6

Oct 2016

10.34.23.7

Nov 2016

9.94.03.5

Dec 2016

9.84.03.5

Jan 2017

10.14.13.5

Feb 2017

9.84.13.4

Mar 2017

9.13.93.3

Apr 2017

9.43.83.2

May 2017

8.83.83.1

Jun 2017

9.13.83.2

Jul 2017

9.03.83.2

Aug 2017

93.93.2

Sep 2017

9.13.53.2

Oct 2017

93.43.1

Nov 2017

9.63.43.1

Dec 2017

8.93.43.3

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

However, like the rates for major race and ethnicity groups, the unemployment rates for major age groups had returned to their prerecession levels by the end of 2017. In December 2017, the prime-working-age unemployment rate was 3.4 percent, and the rate for older workers was 3.3 percent. The youth unemployment rate fell slightly below its prerecession level, declining to 8.9 percent in December 2017. Of particular relevance to young people is their unemployment rate in the summertime, when many of them enter the labor force to find either temporary or permanent employment. On a not-seasonally-adjusted basis, the youth unemployment rate in July 2017 was 9.6 percent, the lowest summer reading since July 2000.6

During the recession, the unemployment rate for those age 25 and over continued to be higher for people without a college degree, consistent with a long-term historical pattern. (See figure 4.) For those with less than a high school diploma, the unemployment rate peaked at 15.8 percent in February 2010. The peak rate for high school graduates was 11.0 percent in October 2009 and March 2010, and the peak rate for those with some college or an associate’s degree was 8.9 percent in September 2010. The unemployment rate among those with a bachelor’s degree or higher peaked at 5.0 percent in September 2009 and November 2010.

Figure 4. Unemployment rates of people 25 years and over, by educational attainment, seasonally adjusted, 1992–2017
PeriodLess than a high school diplomaHigh school graduates, no collegeSome college or associate's degreeBachelor's degree or higher

Jan 1992

10.86.85.63.1

Feb 1992

11.07.05.63.2

Mar 1992

11.26.95.72.9

Apr 1992

10.86.95.73.2

May 1992

12.26.95.73.2

Jun 1992

11.96.85.83.2

Jul 1992

11.96.65.73.1

Aug 1992

11.87.35.63.0

Sep 1992

11.76.75.63.2

Oct 1992

11.56.65.63.3

Nov 1992

11.66.75.53.4

Dec 1992

11.36.85.73.3

Jan 1993

11.16.65.63.1

Feb 1993

11.16.35.53.2

Mar 1993

10.96.45.33.2

Apr 1993

10.96.35.23.2

May 1993

10.86.45.13.0

Jun 1993

11.26.45.32.9

Jul 1993

10.46.35.22.8

Aug 1993

10.56.15.52.6

Sep 1993

10.76.25.12.8

Oct 1993

10.76.35.12.9

Nov 1993

10.56.05.02.9

Dec 1993

11.05.94.92.8

Jan 1994

10.75.84.82.9

Feb 1994

10.46.14.82.8

Mar 1994

10.55.84.62.8

Apr 1994

10.15.64.72.5

May 1994

9.35.34.62.5

Jun 1994

9.75.44.42.6

Jul 1994

9.85.24.32.7

Aug 1994

9.85.44.32.5

Sep 1994

9.65.04.32.5

Oct 1994

9.74.94.22.4

Nov 1994

9.24.84.32.3

Dec 1994

8.54.74.02.3

Jan 1995

9.25.04.02.4

Feb 1995

8.94.73.72.3

Mar 1995

8.04.54.12.5

Apr 1995

8.85.14.12.7

May 1995

8.75.04.22.5

Jun 1995

8.74.74.12.6

Jul 1995

9.04.74.12.5

Aug 1995

9.54.54.02.5

Sep 1995

9.14.73.82.4

Oct 1995

9.14.53.92.4

Nov 1995

9.34.84.12.3

Dec 1995

9.24.73.72.4

Jan 1996

8.74.93.92.4

Feb 1996

8.94.73.82.3

Mar 1996

9.24.73.72.2

Apr 1996

9.14.83.82.3

May 1996

9.74.83.82.3

Jun 1996

8.64.63.82.2

Jul 1996

8.84.73.72.2

Aug 1996

8.54.43.72.1

Sep 1996

8.24.53.72.2

Oct 1996

7.84.63.72.2

Nov 1996

8.44.63.72.3

Dec 1996

8.34.53.72.3

Jan 1997

8.84.53.52.1

Feb 1997

8.84.63.52.1

Mar 1997

8.34.43.52.0

Apr 1997

8.44.33.42.0

May 1997

8.54.23.02.2

Jun 1997

8.24.33.32.0

Jul 1997

7.74.23.12.1

Aug 1997

7.64.23.22.1

Sep 1997

8.04.13.32.1

Oct 1997

7.84.12.91.9

Nov 1997

7.43.83.11.7

Dec 1997

7.54.03.31.8

Jan 1998

7.04.03.21.9

Feb 1998

7.14.03.11.9

Mar 1998

7.14.23.21.8

Apr 1998

7.23.92.71.7

May 1998

7.03.73.21.7

Jun 1998

7.24.02.81.7

Jul 1998

7.24.12.91.7

Aug 1998

7.13.92.71.8

Sep 1998

6.94.13.01.7

Oct 1998

6.94.03.01.9

Nov 1998

7.13.92.91.9

Dec 1998

6.93.82.91.8

Jan 1999

7.13.52.91.8

Feb 1999

7.53.53.11.9

Mar 1999

6.13.52.91.9

Apr 1999

6.93.53.02.0

May 1999

6.83.52.91.9

Jun 1999

6.83.82.42.0

Jul 1999

6.93.63.01.8

Aug 1999

7.13.53.01.6

Sep 1999

6.93.72.71.7

Oct 1999

6.63.42.71.7

Nov 1999

6.43.22.71.7

Dec 1999

5.83.52.51.7

Jan 2000

6.43.42.61.8

Feb 2000

6.03.43.01.6

Mar 2000

6.63.32.81.7

Apr 2000

6.23.32.61.5

May 2000

6.93.42.61.6

Jun 2000

6.33.42.71.6

Jul 2000

6.43.42.81.7

Aug 2000

6.23.72.81.9

Sep 2000

6.23.52.61.9

Oct 2000

6.43.62.41.6

Nov 2000

6.53.52.61.5

Dec 2000

5.93.52.71.5

Jan 2001

6.73.83.01.6

Feb 2001

7.53.72.81.6

Mar 2001

6.83.82.72.0

Apr 2001

6.83.72.92.1

May 2001

6.63.93.02.1

Jun 2001

6.93.83.02.2

Jul 2001

6.84.13.02.2

Aug 2001

7.24.43.32.3

Sep 2001

7.74.43.42.5

Oct 2001

7.64.74.12.6

Nov 2001

8.05.04.22.9

Dec 2001

8.34.94.23.0

Jan 2002

8.25.34.32.9

Feb 2002

8.35.34.22.9

Mar 2002

8.15.44.32.8

Apr 2002

9.15.54.62.9

May 2002

8.35.54.82.9

Jun 2002

7.85.44.63.0

Jul 2002

8.65.14.43.0

Aug 2002

8.45.24.42.8

Sep 2002

7.85.04.62.9

Oct 2002

8.74.94.63.0

Nov 2002

9.05.24.72.9

Dec 2002

8.95.34.92.9

Jan 2003

8.85.24.73.0

Feb 2003

8.95.44.73.0

Mar 2003

8.65.54.83.1

Apr 2003

8.55.74.83.0

May 2003

9.05.64.93.0

Jun 2003

9.45.74.93.1

Jul 2003

8.85.45.03.1

Aug 2003

9.35.44.93.2

Sep 2003

8.65.34.93.2

Oct 2003

9.05.54.83.1

Nov 2003

8.75.34.73.1

Dec 2003

7.95.44.43.0

Jan 2004

9.14.94.52.9

Feb 2004

8.65.04.32.9

Mar 2004

8.85.34.72.9

Apr 2004

8.65.34.12.9

May 2004

8.85.14.02.9

Jun 2004

8.75.24.12.7

Jul 2004

8.25.04.22.6

Aug 2004

8.14.94.12.7

Sep 2004

8.74.74.12.6

Oct 2004

8.44.84.22.5

Nov 2004

8.04.84.32.5

Dec 2004

8.14.84.22.5

Jan 2005

7.74.74.12.4

Feb 2005

7.84.94.22.4

Mar 2005

7.84.73.92.4

Apr 2005

8.24.43.92.4

May 2005

7.84.53.92.4

Jun 2005

6.94.83.92.3

Jul 2005

7.54.83.72.3

Aug 2005

7.54.73.52.1

Sep 2005

8.24.93.72.3

Oct 2005

7.34.83.82.3

Nov 2005

7.44.83.92.3

Dec 2005

7.44.53.92.1

Jan 2006

7.04.43.62.1

Feb 2006

7.14.43.62.2

Mar 2006

6.94.13.72.2

Apr 2006

6.94.43.82.2

May 2006

7.04.33.82.1

Jun 2006

7.14.13.52.1

Jul 2006

7.14.53.62.0

Aug 2006

6.84.63.51.8

Sep 2006

6.44.13.62.1

Oct 2006

5.84.13.41.9

Nov 2006

6.64.33.41.8

Dec 2006

6.74.33.41.8

Jan 2007

6.94.33.82.1

Feb 2007

7.34.33.61.9

Mar 2007

6.94.03.61.8

Apr 2007

7.14.13.61.9

May 2007

6.64.43.42.0

Jun 2007

6.74.13.52.0

Jul 2007

7.34.63.62.1

Aug 2007

6.54.43.62.1

Sep 2007

7.64.53.42.0

Oct 2007

7.34.63.52.1

Nov 2007

7.74.53.32.2

Dec 2007

7.74.73.82.1

Jan 2008

7.74.73.72.1

Feb 2008

7.44.73.82.0

Mar 2008

8.45.13.92.1

Apr 2008

7.75.04.02.1

May 2008

8.15.04.32.2

Jun 2008

8.75.14.32.4

Jul 2008

8.65.44.62.5

Aug 2008

9.75.84.92.8

Sep 2008

9.86.25.02.6

Oct 2008

10.36.45.23.1

Nov 2008

10.87.05.53.2

Dec 2008

11.17.85.73.6

Jan 2009

12.48.26.53.9

Feb 2009

13.28.57.34.1

Mar 2009

14.09.27.54.3

Apr 2009

14.99.57.74.4

May 2009

15.210.07.84.8

Jun 2009

15.69.78.14.8

Jul 2009

15.39.58.04.8

Aug 2009

15.69.78.14.8

Sep 2009

14.910.68.35.0

Oct 2009

15.211.08.74.7

Nov 2009

14.710.38.84.8

Dec 2009

15.010.68.74.9

Jan 2010

15.310.28.64.9

Feb 2010

15.810.78.14.9

Mar 2010

14.911.08.44.9

Apr 2010

14.710.88.44.8

May 2010

14.610.98.24.6

Jun 2010

14.210.68.14.4

Jul 2010

13.510.08.34.5

Aug 2010

14.110.08.74.6

Sep 2010

15.69.78.94.5

Oct 2010

15.09.88.24.6

Nov 2010

15.410.08.65.0

Dec 2010

15.09.88.14.8

Jan 2011

14.39.58.14.3

Feb 2011

14.09.77.94.3

Mar 2011

14.19.77.54.4

Apr 2011

14.79.97.54.5

May 2011

14.59.67.84.5

Jun 2011

14.410.08.34.3

Jul 2011

14.59.18.34.2

Aug 2011

14.19.38.34.2

Sep 2011

14.39.48.54.2

Oct 2011

13.59.48.14.3

Nov 2011

12.88.87.74.4

Dec 2011

13.78.77.64.1

Jan 2012

13.08.57.14.3

Feb 2012

13.18.37.24.2

Mar 2012

12.88.17.54.1

Apr 2012

12.58.07.64.0

May 2012

12.98.37.73.9

Jun 2012

12.68.67.34.0

Jul 2012

12.48.57.24.1

Aug 2012

11.88.66.74.1

Sep 2012

11.78.56.64.0

Oct 2012

12.18.36.93.7

Nov 2012

12.08.06.53.9

Dec 2012

11.88.06.94.0

Jan 2013

12.08.16.93.8

Feb 2013

11.37.96.53.9

Mar 2013

11.17.76.33.8

Apr 2013

11.67.56.43.9

May 2013

11.07.36.53.9

Jun 2013

10.77.76.53.8

Jul 2013

10.87.56.13.8

Aug 2013

11.17.46.13.4

Sep 2013

10.57.66.13.7

Oct 2013

10.97.26.43.7

Nov 2013

10.77.26.43.4

Dec 2013

9.87.06.23.3

Jan 2014

9.36.55.93.3

Feb 2014

9.86.46.03.4

Mar 2014

9.46.36.03.4

Apr 2014

8.76.35.73.3

May 2014

9.26.55.53.2

Jun 2014

9.25.95.23.3

Jul 2014

9.56.15.33.1

Aug 2014

9.26.15.33.2

Sep 2014

8.55.45.42.9

Oct 2014

8.15.74.93.0

Nov 2014

8.65.64.93.2

Dec 2014

8.65.35.02.8

Jan 2015

8.35.45.22.8

Feb 2015

8.25.45.02.7

Mar 2015

8.55.34.82.4

Apr 2015

8.55.54.72.7

May 2015

8.75.84.42.8

Jun 2015

8.25.44.22.5

Jul 2015

8.35.54.32.5

Aug 2015

7.95.44.32.4

Sep 2015

7.95.24.32.5

Oct 2015

7.75.24.42.5

Nov 2015

6.85.44.42.5

Dec 2015

6.55.64.22.5

Jan 2016

7.05.24.22.5

Feb 2016

7.05.34.22.5

Mar 2016

7.35.44.22.6

Apr 2016

7.65.54.22.4

May 2016

7.45.13.82.5

Jun 2016

7.65.14.22.5

Jul 2016

6.45.14.22.5

Aug 2016

7.45.04.22.6

Sep 2016

8.55.24.22.5

Oct 2016

7.65.53.82.6

Nov 2016

7.84.93.92.4

Dec 2016

7.65.13.82.5

Jan 2017

7.35.23.82.5

Feb 2017

7.64.94.02.4

Mar 2017

6.64.93.72.5

Apr 2017

6.54.63.72.4

May 2017

6.24.74.02.3

Jun 2017

6.54.63.82.3

Jul 2017

7.04.53.72.3

Aug 2017

6.253.82.4

Sep 2017

6.74.33.62.2

Oct 2017

6.14.33.62

Nov 2017

5.24.33.62.1

Dec 2017

6.34.23.62.1

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

After 2010, however, the unemployment rates for all levels of educational attainment declined sharply until their pace of descent slowed in 2015. By 2017, the rates had returned to their prerecession levels. In December 2017, the unemployment rate for those with less than a high school diploma was 6.3 percent, and the rate for high school graduates was 4.2 percent. Among those with some college or an associate’s degree, the rate was 3.6 percent, and for those with a bachelor’s degree or higher, the rate was 2.1 percent.

Duration of unemployment

While overall unemployment rates by gender, age, race, ethnicity, and educational attainment have returned to their prerecession levels, differences remain in how long unemployed people have been trying to find work. Specifically, the distribution of unemployed people by duration of unemployment shifted toward longer time periods during and in the immediate aftermath of the recession, and it has not fully recovered. From 1948 to 2007, including during recessions, the majority of unemployed people were unemployed for less than 14 weeks (about 3 months).7 (See figure 5.) The number of people unemployed for 15 to 26 weeks (3 to 6 months) and the number of people unemployed for 27 weeks or more (6 months or more) tracked each other closely, about doubling in response to downturns. However, these numbers rarely threatened to surpass the number of people who had been trying to find work for shorter periods. Although the median duration of unemployment has varied with the business cycle, it was less than 3 months from 1967 (when the measure was first calculated) to 2007.

Figure 5. Unemployed people, by duration of unemployment, seasonally adjusted, 1992–2017 (numbers in thousands)
PeriodLess than 5 weeks5 to 14 weeks15 to 26 weeks27 week and over

Jan 1992

3,3982,8261,4371,623

Feb 1992

3,2772,9531,4781,704

Mar 1992

3,4122,8011,4251,771

Apr 1992

3,2962,8211,3801,750

May 1992

3,4172,7881,4601,984

Jun 1992

3,5182,8091,6082,150

Jul 1992

3,4382,8321,4902,124

Aug 1992

3,4362,8401,5062,073

Sep 1992

3,4282,8821,3932,111

Oct 1992

3,3562,6301,3112,194

Nov 1992

3,3172,9231,4051,992

Dec 1992

3,1892,7591,5952,056

Jan 1993

3,2992,6491,3801,966

Feb 1993

3,4612,5801,2831,907

Mar 1993

3,2602,6661,3091,806

Apr 1993

3,3502,6201,3811,633

May 1993

3,3632,6171,3251,776

Jun 1993

3,2182,7781,3551,786

Jul 1993

3,2922,5861,2761,770

Aug 1993

3,1762,5951,2561,770

Sep 1993

3,1272,5161,2861,756

Oct 1993

3,3362,5141,2201,809

Nov 1993

3,0872,5181,1861,800

Dec 1993

3,2462,3621,1861,782

Jan 1994

3,1842,3841,3271,733

Feb 1994

2,6522,7141,3591,759

Mar 1994

2,7892,5431,2751,780

Apr 1994

2,8422,4301,1751,746

May 1994

2,6522,4621,1401,696

Jun 1994

2,7572,4491,1551,580

Jul 1994

2,8202,3161,2601,562

Aug 1994

2,6712,5691,1811,569

Sep 1994

2,6712,3171,2031,543

Oct 1994

2,4242,2831,3641,591

Nov 1994

2,6192,1641,1961,470

Dec 1994

2,5812,1461,1211,367

Jan 1995

2,7642,1641,0561,340

Feb 1995

2,5782,1971,1191,226

Mar 1995

2,5722,2769491,338

Apr 1995

2,7302,3701,0601,413

May 1995

2,6032,3321,2611,316

Jun 1995

2,7442,3541,0311,235

Jul 1995

2,6272,5651,0611,250

Aug 1995

2,7322,4341,1561,235

Sep 1995

2,8572,2961,0451,261

Oct 1995

2,7252,3801,0521,220

Nov 1995

2,8122,3531,0851,254

Dec 1995

2,6622,4141,1171,214

Jan 1996

2,7252,3871,1621,209

Feb 1996

2,7132,2661,1061,201

Mar 1996

2,5942,2591,1241,330

Apr 1996

2,5302,3581,1081,347

May 1996

2,7652,3491,0441,359

Jun 1996

2,5522,1629851,370

Jul 1996

2,6722,3329611,336

Aug 1996

2,4962,1871,0021,265

Sep 1996

2,5252,2141,0061,214

Oct 1996

2,4772,3341,0841,184

Nov 1996

2,9202,2071,0131,146

Dec 1996

2,6212,4179701,154

Jan 1997

2,7582,2191,0121,150

Feb 1997

2,5492,3571,0311,109

Mar 1997

2,6022,3231,0121,098

Apr 1997

2,4392,1901,0711,105

May 1997

2,5272,0611,0701,051

Jun 1997

2,5622,1751,0091,076

Jul 1997

2,4022,0941,0411,078

Aug 1997

2,5252,1209291,075

Sep 1997

2,4742,1021,0001,074

Oct 1997

2,5661,9669161,034

Nov 1997

2,4792,027879938

Dec 1997

2,5341,937917984

Jan 1998

2,5871,929838995

Feb 1998

2,5721,918852957

Mar 1998

2,7891,972854918

Apr 1998

2,6281,918594883

May 1998

2,6411,950651839

Jun 1998

2,5462,079824789

Jul 1998

2,5932,005755821

Aug 1998

2,5971,963808818

Sep 1998

2,6241,985772916

Oct 1998

2,8231,909723858

Nov 1998

2,5101,998715875

Dec 1998

2,5871,806756803

Jan 1999

2,4621,993775714

Feb 1999

2,5661,946749801

Mar 1999

2,4731,905758714

Apr 1999

2,7811,848782698

May 1999

2,5111,789787718

Jun 1999

2,5211,773812812

Jul 1999

2,6431,783781732

Aug 1999

2,5461,824748706

Sep 1999

2,6111,835739709

Oct 1999

2,5361,847713724

Nov 1999

2,5621,775697682

Dec 1999

2,6421,614696680

Jan 2000

2,5411,749659721

Feb 2000

2,6041,912671629

Mar 2000

2,7801,781666646

Apr 2000

2,5101,845662599

May 2000

2,5641,911683643

Jun 2000

2,5791,753616627

Jul 2000

2,4981,824645698

Aug 2000

2,5501,893685709

Sep 2000

2,5711,746644646

Oct 2000

2,4971,724710627

Nov 2000

2,5121,790723593

Dec 2000

2,4771,825687642

Jan 2001

2,6481,956696676

Feb 2001

2,8511,764777714

Mar 2001

2,6812,059825696

Apr 2001

2,9721,990787712

May 2001

2,7012,045877624

Jun 2001

2,8082,025822710

Jul 2001

2,6422,187951702

Aug 2001

2,9662,1871,004857

Sep 2001

2,8372,3501,131819

Oct 2001

3,1112,5311,173909

Nov 2001

3,0902,5661,2131,106

Dec 2001

3,0372,7971,3181,126

Jan 2002

3,0442,6061,3751,203

Feb 2002

2,9842,5771,3941,214

Mar 2002

3,0742,5631,3901,330

Apr 2002

2,9322,8721,3951,457

May 2002

2,8432,5841,3931,574

Jun 2002

2,7112,6541,3821,641

Jul 2002

2,8912,4671,3821,584

Aug 2002

2,9272,5251,3131,573

Sep 2002

2,7722,5261,3911,580

Oct 2002

2,7652,5121,3881,653

Nov 2002

2,9502,5051,3191,743

Dec 2002

2,8382,5891,3471,924

Jan 2003

2,8562,5821,4051,760

Feb 2003

2,7982,6111,2971,864

Mar 2003

2,8312,5671,3631,798

Apr 2003

2,7942,6611,4211,927

May 2003

2,9882,6311,3891,929

Jun 2003

2,9062,7451,4532,100

Jul 2003

2,7202,6161,6611,972

Aug 2003

2,8012,6251,5611,995

Sep 2003

2,7042,7751,4722,014

Oct 2003

2,7102,5931,4921,959

Nov 2003

2,6562,5091,4142,006

Dec 2003

2,5542,4551,4351,931

Jan 2004

2,6852,3691,4531,911

Feb 2004

2,4252,4361,3921,856

Mar 2004

2,6372,4341,3311,983

Apr 2004

2,7802,4001,1661,805

May 2004

2,7232,3781,3041,799

Jun 2004

2,6772,3871,2841,847

Jul 2004

2,8202,3841,2371,681

Aug 2004

2,6602,5631,2061,640

Sep 2004

2,7582,2761,2091,702

Oct 2004

2,7322,3031,3041,737

Nov 2004

2,6382,3391,2581,702

Dec 2004

2,7682,2681,2741,653

Jan 2005

2,6352,2981,2031,648

Feb 2005

2,7492,3451,2681,628

Mar 2005

2,4832,3281,1571,660

Apr 2005

2,6882,2891,0691,609

May 2005

2,7542,2311,1451,538

Jun 2005

2,6592,3611,0301,375

Jul 2005

2,5682,3681,0681,380

Aug 2005

2,5702,3041,1611,407

Sep 2005

2,7632,2941,0981,439

Oct 2005

2,7192,2961,0701,422

Nov 2005

2,8232,2821,1161,370

Dec 2005

2,5882,2491,0731,356

Jan 2006

2,5272,1941,1001,170

Feb 2006

2,5772,0881,1951,350

Mar 2006

2,6591,9991,0641,309

Apr 2006

2,6652,1421,0221,331

May 2006

2,5452,1899691,333

Jun 2006

2,7052,0769821,145

Jul 2006

2,7212,1269861,304

Aug 2006

2,6032,2469871,306

Sep 2006

2,6082,0539861,245

Oct 2006

2,6162,1039841,078

Nov 2006

2,5112,2121,0281,131

Dec 2006

2,5962,0479901,093

Jan 2007

2,5612,2671,0151,141

Feb 2007

2,5742,1689621,249

Mar 2007

2,3072,1381,0101,245

Apr 2007

2,4562,1781,0751,206

May 2007

2,4642,1831,1001,132

Jun 2007

2,5512,1341,1381,143

Jul 2007

2,5022,2031,0731,291

Aug 2007

2,6142,1561,0861,246

Sep 2007

2,5572,2921,0911,264

Oct 2007

2,5452,5021,0031,298

Nov 2007

2,6452,2419921,374

Dec 2007

2,7182,3761,1771,324

Jan 2008

2,5542,4061,1521,388

Feb 2008

2,6532,3701,1161,329

Mar 2008

2,8232,5371,1681,323

Apr 2008

2,4932,5741,3141,372

May 2008

3,2782,4761,2191,561

Jun 2008

2,7533,0161,3371,576

Jul 2008

2,8542,8331,4501,664

Aug 2008

3,2562,7581,5541,866

Sep 2008

2,8483,0351,5992,027

Oct 2008

3,1703,0551,7102,280

Nov 2008

3,3353,2601,7042,219

Dec 2008

3,2553,4981,9362,610

Jan 2009

3,5243,6622,0652,699

Feb 2009

3,4503,9362,4562,999

Mar 2009

3,4654,1222,6253,260

Apr 2009

3,3384,1382,6343,752

May 2009

3,2464,4583,0493,973

Jun 2009

3,1144,0523,4884,349

Jul 2009

3,1373,5052,9234,917

Aug 2009

2,9403,9272,7915,037

Sep 2009

2,8413,7752,9085,494

Oct 2009

3,2233,5523,0065,643

Nov 2009

2,8163,4572,8475,908

Dec 2009

2,8793,4572,7126,122

Jan 2010

2,9213,3902,5746,319

Feb 2010

2,8073,3902,7936,129

Mar 2010

2,7693,2942,5426,545

Apr 2010

2,7253,0862,3306,800

May 2010

2,7733,1272,2606,638

Jun 2010

2,6833,1592,2846,623

Jul 2010

2,8062,9722,2086,506

Aug 2010

2,6713,5342,1626,259

Sep 2010

2,8193,3082,2916,163

Oct 2010

2,6553,3452,3876,227

Nov 2010

2,9123,3212,3706,326

Dec 2010

2,6933,1692,1206,429

Jan 2011

2,6863,0332,2186,175

Feb 2011

2,4693,1182,2845,892

Mar 2011

2,5352,9802,0616,105

Apr 2011

2,7872,9872,0905,925

May 2011

2,6682,9032,0526,153

Jun 2011

2,9332,9871,8716,271

Jul 2011

2,6322,9311,9826,195

Aug 2011

2,6502,9892,1996,048

Sep 2011

2,7542,8812,0126,304

Oct 2011

2,6683,2501,9645,838

Nov 2011

2,5562,9132,0095,698

Dec 2011

2,6782,8731,9595,586

Jan 2012

2,4742,9081,9575,476

Feb 2012

2,6102,8482,0515,242

Mar 2012

2,7082,7881,9405,236

Apr 2012

2,6242,8781,9405,132

May 2012

2,5503,0061,6905,401

Jun 2012

2,7472,8061,8175,409

Jul 2012

2,6622,9841,7735,210

Aug 2012

2,7842,8111,8465,042

Sep 2012

2,5382,8191,8634,911

Oct 2012

2,6352,8591,7964,988

Nov 2012

2,6202,7761,7454,805

Dec 2012

2,7562,9011,8614,768

Jan 2013

2,7803,1151,8914,681

Feb 2013

2,7132,7991,7664,691

Mar 2013

2,4622,8261,8304,563

Apr 2013

2,4872,9081,9534,468

May 2013

2,6742,6311,9864,347

Jun 2013

2,6802,8511,8764,355

Jul 2013

2,4932,7681,7914,258

Aug 2013

2,4752,6881,6774,296

Sep 2013

2,6042,6911,7974,132

Oct 2013

2,8232,6391,7374,024

Nov 2013

2,4092,5861,6954,042

Dec 2013

2,3282,5451,6763,863

Jan 2014

2,4772,4341,7333,604

Feb 2014

2,3912,5931,6163,782

Mar 2014

2,4392,5661,7103,697

Apr 2014

2,4182,3901,5083,468

May 2014

2,5842,3661,4283,352

Jun 2014

2,4202,4281,5023,118

Jul 2014

2,5792,4101,4743,145

Aug 2014

2,6192,3831,5012,965

Sep 2014

2,3582,5451,4342,954

Oct 2014

2,4942,2921,3922,901

Nov 2014

2,4742,3961,3812,827

Dec 2014

2,3712,3171,2632,801

Jan 2015

2,4032,3201,4312,765

Feb 2015

2,4352,2401,3292,656

Mar 2015

2,4582,3181,2332,536

Apr 2015

2,6912,3821,1022,545

May 2015

2,4542,5121,2492,496

Jun 2015

2,3222,3961,3922,169

Jul 2015

2,5412,2161,2612,141

Aug 2015

2,0792,3041,2832,179

Sep 2015

2,3392,2501,2332,107

Oct 2015

2,3582,2731,2022,146

Nov 2015

2,3822,2911,2482,068

Dec 2015

2,3992,1971,2292,128

Jan 2016

2,2262,2931,1722,068

Feb 2016

2,2832,2241,1402,137

Mar 2016

2,4112,1921,1572,205

Apr 2016

2,5752,1581,2652,085

May 2016

2,2412,2761,1221,892

Jun 2016

2,4102,1851,1462,025

Jul 2016

2,2132,2541,2301,979

Aug 2016

2,3092,2841,0821,990

Sep 2016

2,5652,2561,1631,959

Oct 2016

2,4182,2711,1601,982

Nov 2016

2,3912,1561,0551,862

Dec 2016

2,3592,1361,1911,869

Jan 2017

2,4522,0811,2291,825

Feb 2017

2,5722,1291,0471,766

Mar 2017

2,2962,0881,0641,660

Apr 2017

2,3002,1401,0871,633

May 2017

2,1231,9581,1231,665

Jun 2017

2,3011,9429371,715

Jul 2017

2,1352,0061,0221,757

Aug 2017

2,2211,9961,0671,735

Sep 2017

2,2231,8799621,733

Oct 2017

2,1281,9438561,645

Nov 2017

2,2531,8949211,593

Dec 2017

2,2351,9948821,515

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the 2007–09 recession, these relationships changed dramatically. The ranks of the long-term unemployed—those jobless for 27 weeks or longer—more than quadrupled in the two-and-a-half years starting in November 2007. At 6.8 million in April 2010, long-term unemployment represented an unprecedented 45.5 percent of total unemployment. This proportion remained above 40 percent for about 3 years, from December 2009 to November 2012. The median duration of unemployment increased from 8.6 weeks (about 2 months) in November 2007 to 25.2 weeks (about 6 months) in June 2010.

The number of unemployed people who had been trying to find work for shorter periods peaked near the official end date of the recession (June 2009). As civilian employment reached its trough at the start of 2010, layoffs declined, but job openings and hiring had not begun to recover.8 The number of people who had been unemployed for less than 27 weeks declined, but the number of long-term unemployed remained elevated. Research suggests that, when job openings began to reappear, people who had been unemployed for a shorter period tended to be hired first. This, in turn, led to an increase in the proportion of the unemployed who had been looking for work for extended periods.9

Before the recession, in 2007, about 10 percent of the unemployed had been looking for work for 52 weeks or longer (about 1 year), and 3 percent had been looking for 99 weeks or longer (about 2 years). (See table 1.) The number of people experiencing this chronic unemployment increased markedly during the recession. Over the next 4 years, the number of people unemployed for a year or longer increased more than sixfold, from 704,000 in 2007 to 4.3 million in 2011. During the same period, the ranks of those unemployed for 2 years or longer rose almost eightfold, from 228,000 in 2007 to 1.9 million in 2011. From 2010 to 2012, about one in three unemployed people had been looking for work for a year or longer. By the end of the 3-year period, the share of those unemployed for 2 years or longer approached 15 percent.10

Table 1. Unemployed people, by duration of unemployment, annual averages,2007–17 (numbers in thousands)
Duration20072008200920102011201220132014201520162017

Number of unemployed

Total unemployed

7,0788,92414,26514,82513,74712,50611,4609,6178,2967,7516,982

Less than 5 weeks

2,5422,9323,1652,7712,6772,6442,5842,4712,3992,3622,270

5 to 14 weeks

2,2322,8043,8283,2672,9932,8662,7592,4322,3022,2262,008

15 to 26 weeks

1,0611,4272,7752,3712,0611,8591,8071,4971,2671,1581,017

27 weeks and over

1,2431,7614,4966,4156,0165,1364,3103,2182,3282,0051,687

27 to 51 weeks

5398122,1752,1171,7091,4721,3391,005782681632

52 weeks and over

7049492,3214,2984,3073,6642,9712,2131,5461,3231,055

99 weeks and over

2282716321,3341,9371,8151,4391,094757638483

Percent distribution

Total unemployed

100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0

Less than 5 weeks

35.932.822.218.719.521.122.525.728.930.532.5

5 to 14 weeks

31.531.426.822.021.822.924.125.327.728.728.8

15 to 26 weeks

15.016.019.516.015.014.915.815.615.314.914.6

27 weeks and over

17.619.731.543.343.841.137.633.528.125.924.2

27 to 51 weeks

7.69.115.214.312.411.811.710.49.48.89.1

52 weeks and over

9.910.616.329.031.329.325.923.018.617.115.1

99 weeks and over

3.23.04.49.014.114.512.611.49.18.26.9

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

By 2017, the number of people who had been unemployed for shorter periods returned to prerecession levels, reflecting increased hiring and fewer layoffs. Long-term unemployment declined as well, but the number of those who had been unemployed for a year or longer remained above its prerecession level. In December 2017, there were 1.5 million long-term unemployed, down by about 5 million from April 2010, but about 400,000 higher than the series’ prerecession low. The number of people unemployed for a year or longer, at 1.1 million in 2017, was 50 percent higher than its 2007 level, while the number of people unemployed for 2 years or longer, at 483,000, was more than 2 times higher than it was a decade earlier. In 2017, the share of the unemployed who had been looking for work for at least a year was 15 percent; the share who had been looking for more than 2 years was 7 percent. Although long-term unemployment has been declining for the past six-and-a-half years, the median duration has only just returned to its prerecession level. In December 2017, the median duration was 9.1 weeks, compared with 8.6 weeks in November 2007.

Labor underutilization

In addition to publishing the official unemployment rate, the U.S. Bureau of Labor Statistics (BLS) publishes five alternative measures of labor underutilization.11 Designated U-1 to U-6 (U-3 is the official unemployment rate), these indicators capture a wider variety of labor market difficulties than does the unemployment rate alone. Two measures are more narrowly defined than the official unemployment rate: U-1 measures the number of people unemployed 15 weeks or longer, and U-2 measures the number of job losers and people who completed temporary jobs (both measures are presented as a percentage of the civilian labor force). Three measures are broader in scope than the official unemployment rate, adding in groups elsewhere defined as being among those not in the labor force or employed. U-4 adds discouraged workers, U-5 adds all people marginally attached to the labor force (including discouraged workers), and U-6 adds all people marginally attached to the labor force as well as those working part time for economic reasons.12

During the recession, the alternative measures of labor underutilization typically tracked the official unemployment rate (U-3). (See figure 6.) All five measures increased dramatically during the recession, peaked in late 2009 or 2010, and have steadily declined since, returning to their prerecession levels by December 2017. In 2011, U-1 and U-2 converged for the first time in the series’ history.13 This was largely driven by the increase in long-term unemployment during the recovery described in the previous section.

Figure 6. Alternative measures of labor underutilization, seasonally adjusted, 1994–2017
PeriodU-1U-2U-3U-4U-5U-6

Jan 1994

2.33.36.67.08.111.8

Feb 1994

2.43.26.66.97.911.4

Mar 1994

2.33.16.56.87.711.4

Apr 1994

2.22.96.46.77.611.2

May 1994

2.22.76.16.37.210.8

Jun 1994

2.12.96.16.47.310.9

Jul 1994

2.22.96.16.47.310.7

Aug 1994

2.12.96.06.37.210.5

Sep 1994

2.12.85.96.27.110.4

Oct 1994

2.22.75.86.16.910.3

Nov 1994

2.02.75.65.96.710.1

Dec 1994

1.92.65.55.76.710.0

Jan 1995

1.82.75.65.86.810.2

Feb 1995

1.82.65.45.76.69.9

Mar 1995

1.72.65.45.76.69.9

Apr 1995

1.92.65.86.06.710.0

May 1995

2.02.75.65.96.610.0

Jun 1995

1.72.65.65.86.710.1

Jul 1995

1.72.65.76.06.710.1

Aug 1995

1.82.65.75.96.710.0

Sep 1995

1.72.65.65.86.710.1

Oct 1995

1.72.75.55.86.69.9

Nov 1995

1.82.75.65.86.610.0

Dec 1995

1.82.65.65.96.710.0

Jan 1996

1.82.75.65.96.89.8

Feb 1996

1.72.75.55.86.710.0

Mar 1996

1.82.65.55.86.69.8

Apr 1996

1.82.85.65.86.69.9

May 1996

1.82.65.65.86.59.7

Jun 1996

1.82.55.35.56.49.6

Jul 1996

1.72.55.55.76.59.7

Aug 1996

1.72.35.15.46.19.3

Sep 1996

1.72.45.25.46.29.4

Oct 1996

1.72.35.25.46.29.4

Nov 1996

1.62.55.45.66.49.3

Dec 1996

1.62.35.45.66.39.5

Jan 1997

1.62.45.35.56.49.4

Feb 1997

1.62.35.25.46.39.4

Mar 1997

1.62.35.25.36.19.1

Apr 1997

1.62.35.15.36.09.2

May 1997

1.62.24.95.15.88.8

Jun 1997

1.52.35.05.25.98.8

Jul 1997

1.62.14.95.05.78.6

Aug 1997

1.52.24.85.05.78.6

Sep 1997

1.52.24.95.05.88.7

Oct 1997

1.42.14.74.95.68.4

Nov 1997

1.32.14.64.85.58.3

Dec 1997

1.42.24.74.95.78.4

Jan 1998

1.32.14.64.95.68.4

Feb 1998

1.32.14.64.85.68.4

Mar 1998

1.32.24.74.95.68.4

Apr 1998

1.12.04.34.55.27.9

May 1998

1.12.14.44.55.27.9

Jun 1998

1.22.04.54.75.38.0

Jul 1998

1.12.04.54.85.48.1

Aug 1998

1.22.04.54.65.37.9

Sep 1998

1.22.14.64.75.47.9

Oct 1998

1.12.14.54.75.37.8

Nov 1998

1.12.04.44.65.27.6

Dec 1998

1.12.04.44.55.17.6

Jan 1999

1.12.04.34.55.27.7

Feb 1999

1.12.04.44.65.37.7

Mar 1999

1.11.94.24.45.07.6

Apr 1999

1.11.94.34.55.27.6

May 1999

1.11.94.24.35.07.4

Jun 1999

1.21.94.34.45.17.5

Jul 1999

1.11.94.34.55.17.5

Aug 1999

1.01.94.24.45.07.3

Sep 1999

1.01.84.24.45.07.4

Oct 1999

1.01.84.14.34.97.2

Nov 1999

1.01.84.14.34.87.1

Dec 1999

1.01.74.04.24.87.1

Jan 2000

1.01.84.04.24.87.1

Feb 2000

0.91.94.14.35.07.2

Mar 2000

0.91.84.04.24.87.1

Apr 2000

0.91.63.84.14.76.9

May 2000

0.91.74.04.24.87.1

Jun 2000

0.91.74.04.24.77.0

Jul 2000

0.91.74.04.24.87.0

Aug 2000

1.01.94.14.24.87.1

Sep 2000

0.91.83.94.14.77.0

Oct 2000

0.91.73.94.04.66.8

Nov 2000

0.91.83.94.14.77.1

Dec 2000

0.91.83.94.14.76.9

Jan 2001

1.01.94.24.45.07.3

Feb 2001

1.02.04.24.45.17.4

Mar 2001

1.12.14.34.55.07.3

Apr 2001

1.02.14.44.65.17.4

May 2001

1.02.24.34.65.17.5

Jun 2001

1.12.34.54.75.37.9

Jul 2001

1.22.34.64.85.47.8

Aug 2001

1.32.44.95.15.88.1

Sep 2001

1.42.55.05.15.88.7

Oct 2001

1.43.05.35.66.29.3

Nov 2001

1.63.15.55.86.49.4

Dec 2001

1.73.15.75.96.69.6

Jan 2002

1.83.15.75.96.79.5

Feb 2002

1.83.15.75.96.69.5

Mar 2002

1.93.15.76.06.69.4

Apr 2002

2.03.25.96.16.89.7

May 2002

2.03.25.86.16.79.5

Jun 2002

2.13.25.86.06.79.5

Jul 2002

2.03.25.86.16.89.6

Aug 2002

2.03.25.76.06.79.6

Sep 2002

2.03.15.75.96.69.6

Oct 2002

2.13.25.75.96.69.6

Nov 2002

2.13.35.96.16.89.7

Dec 2002

2.33.36.06.26.99.8

Jan 2003

2.23.25.86.16.910.0

Feb 2003

2.23.35.96.26.910.2

Mar 2003

2.23.35.96.26.910.0

Apr 2003

2.33.36.06.36.910.2

May 2003

2.33.56.16.47.010.1

Jun 2003

2.43.46.36.67.210.3

Jul 2003

2.53.46.26.57.110.3

Aug 2003

2.43.46.16.47.110.1

Sep 2003

2.43.46.16.37.110.4

Oct 2003

2.43.36.06.27.010.2

Nov 2003

2.33.25.86.16.810.0

Dec 2003

2.33.15.75.96.69.8

Jan 2004

2.33.05.76.06.89.9

Feb 2004

2.22.95.65.96.69.7

Mar 2004

2.33.15.86.16.810.0

Apr 2004

2.03.05.65.96.59.6

May 2004

2.12.95.65.96.69.6

Jun 2004

2.12.85.65.96.69.5

Jul 2004

2.02.95.55.86.59.5

Aug 2004

1.92.75.45.86.49.4

Sep 2004

2.02.75.45.66.49.4

Oct 2004

2.12.85.55.76.59.7

Nov 2004

2.02.75.45.66.39.4

Dec 2004

2.02.75.45.66.39.2

Jan 2005

1.92.75.35.66.49.3

Feb 2005

2.02.65.45.76.49.3

Mar 2005

1.92.55.25.56.29.1

Apr 2005

1.82.45.25.46.18.9

May 2005

1.82.45.15.46.08.9

Jun 2005

1.62.45.05.36.09.0

Jul 2005

1.62.45.05.35.98.8

Aug 2005

1.72.34.95.15.98.9

Sep 2005

1.72.55.05.35.99.0

Oct 2005

1.72.45.05.25.98.7

Nov 2005

1.72.35.05.35.98.7

Dec 2005

1.62.34.95.15.88.6

Jan 2006

1.52.24.75.05.78.4

Feb 2006

1.72.24.85.05.78.4

Mar 2006

1.62.34.75.05.68.2

Apr 2006

1.62.34.75.05.58.1

May 2006

1.52.34.64.85.58.2

Jun 2006

1.42.24.64.95.68.4

Jul 2006

1.52.24.75.05.78.5

Aug 2006

1.52.24.75.05.78.4

Sep 2006

1.52.14.54.75.38.0

Oct 2006

1.42.14.44.65.38.2

Nov 2006

1.42.14.54.75.48.1

Dec 2006

1.42.14.44.65.27.9

Jan 2007

1.42.24.64.95.68.4

Feb 2007

1.42.24.54.85.48.2

Mar 2007

1.52.14.44.65.38.0

Apr 2007

1.52.24.54.75.48.2

May 2007

1.52.24.44.75.38.2

Jun 2007

1.52.24.64.85.58.3

Jul 2007

1.52.44.74.95.58.4

Aug 2007

1.52.44.64.95.58.4

Sep 2007

1.52.34.74.85.58.4

Oct 2007

1.52.44.74.95.68.4

Nov 2007

1.52.44.74.95.58.4

Dec 2007

1.62.55.05.25.88.8

Jan 2008

1.62.55.05.36.09.2

Feb 2008

1.62.54.95.15.99.0

Mar 2008

1.62.75.15.35.99.1

Apr 2008

1.72.65.05.25.89.2

May 2008

1.82.85.45.76.39.7

Jun 2008

1.92.85.65.86.510.1

Jul 2008

2.02.95.86.16.710.5

Aug 2008

2.23.26.16.37.110.8

Sep 2008

2.33.46.16.47.111.0

Oct 2008

2.63.76.56.87.511.8

Nov 2008

2.54.06.87.28.012.6

Dec 2008

2.94.37.37.78.413.6

Jan 2009

3.14.87.88.39.114.2

Feb 2009

3.55.28.38.89.515.2

Mar 2009

3.85.58.79.19.915.8

Apr 2009

4.15.89.09.410.215.9

May 2009

4.56.19.49.810.616.5

Jun 2009

5.16.29.510.010.816.5

Jul 2009

5.16.19.59.910.816.4

Aug 2009

5.16.29.610.010.916.7

Sep 2009

5.56.59.810.211.016.7

Oct 2009

5.66.510.010.511.417.1

Nov 2009

5.76.39.910.411.217.1

Dec 2009

5.86.39.910.411.317.1

Jan 2010

5.86.19.810.411.316.7

Feb 2010

5.86.29.810.511.317.0

Mar 2010

5.96.29.910.511.217.1

Apr 2010

5.96.19.910.611.317.1

May 2010

5.86.09.610.310.916.6

Jun 2010

5.85.99.410.110.916.4

Jul 2010

5.75.99.410.111.016.4

Aug 2010

5.55.99.510.210.916.5

Sep 2010

5.55.99.510.210.916.8

Oct 2010

5.65.89.410.211.016.6

Nov 2010

5.66.29.810.511.216.9

Dec 2010

5.65.79.310.110.916.6

Jan 2011

5.55.59.19.710.816.2

Feb 2011

5.35.59.09.610.616.0

Mar 2011

5.35.49.09.510.415.9

Apr 2011

5.25.49.19.710.516.1

May 2011

5.35.49.09.510.315.8

Jun 2011

5.35.39.19.710.716.1

Jul 2011

5.35.39.09.610.615.9

Aug 2011

5.45.29.09.610.516.1

Sep 2011

5.45.29.09.710.516.4

Oct 2011

5.15.18.89.410.315.8

Nov 2011

5.05.08.69.310.115.5

Dec 2011

4.94.98.59.110.015.2

Jan 2012

4.84.78.38.99.915.2

Feb 2012

4.74.68.38.99.815.0

Mar 2012

4.64.58.28.79.614.5

Apr 2012

4.64.48.28.89.614.6

May 2012

4.64.58.28.79.614.7

Jun 2012

4.74.68.28.79.614.8

Jul 2012

4.54.68.28.79.614.8

Aug 2012

4.54.48.18.69.614.6

Sep 2012

4.44.27.88.39.314.8

Oct 2012

4.44.27.88.39.214.4

Nov 2012

4.24.27.78.39.214.4

Dec 2012

4.34.27.98.59.414.4

Jan 2013

4.24.38.08.59.414.6

Feb 2013

4.24.27.78.29.214.4

Mar 2013

4.14.07.58.08.913.8

Apr 2013

4.14.17.68.18.914.0

May 2013

4.13.97.58.08.813.8

Jun 2013

4.03.97.58.29.114.2

Jul 2013

3.93.87.37.98.713.8

Aug 2013

3.83.87.27.88.613.6

Sep 2013

3.83.87.27.78.613.5

Oct 2013

3.74.07.27.78.513.6

Nov 2013

3.73.76.97.48.213.1

Dec 2013

3.63.56.77.38.113.1

Jan 2014

3.43.56.67.18.112.7

Feb 2014

3.53.56.77.18.012.7

Mar 2014

3.53.56.77.18.012.7

Apr 2014

3.23.36.36.77.512.3

May 2014

3.13.26.36.77.512.1

Jun 2014

3.03.16.16.57.312.0

Jul 2014

3.03.16.26.67.512.1

Aug 2014

2.93.06.26.67.411.9

Sep 2014

2.82.95.96.47.311.7

Oct 2014

2.72.85.76.27.011.5

Nov 2014

2.72.95.86.27.011.4

Dec 2014

2.62.85.66.06.911.2

Jan 2015

2.72.75.76.17.011.3

Feb 2015

2.52.75.55.96.811.0

Mar 2015

2.42.75.55.96.710.9

Apr 2015

2.32.65.45.96.710.9

May 2015

2.42.85.55.86.610.8

Jun 2015

2.32.65.35.76.410.4

Jul 2015

2.22.65.25.66.410.3

Aug 2015

2.22.55.15.56.210.2

Sep 2015

2.12.45.05.46.210.0

Oct 2015

2.12.55.05.46.29.8

Nov 2015

2.12.55.05.46.19.9

Dec 2015

2.12.45.05.46.19.9

Jan 2016

2.02.34.95.36.29.9

Feb 2016

2.12.44.95.36.09.7

Mar 2016

2.12.45.05.46.19.8

Apr 2016

2.12.45.05.36.09.8

May 2016

1.92.34.75.05.79.8

Jun 2016

2.02.44.95.26.09.5

Jul 2016

2.02.34.95.26.09.7

Aug 2016

1.92.44.95.25.99.6

Sep 2016

2.02.55.05.36.09.7

Oct 2016

2.02.44.95.15.99.6

Nov 2016

1.82.24.65.05.89.3

Dec 2016

1.92.34.75.05.79.1

Jan 2017

1.92.34.85.15.89.4

Feb 2017

1.82.34.75.05.79.2

Mar 2017

1.72.24.54.75.48.8

Apr 2017

1.72.24.44.75.38.6

May 2017

1.72.14.34.55.28.4

Jun 2017

1.72.24.34.75.38.5

Jul 2017

1.72.14.34.75.38.5

Aug 2017

1.72.24.44.75.48.6

Sep 2017

1.72.14.24.45.18.3

Oct 2017

1.624.14.458

Nov 2017

1.624.14.458

Dec 2017

1.524.14.45.18.1

Note: Measures of underutilization are as follows: U-1 = people unemployed 15 weeks or longer, as a percentage of the civilian labor force; U-2 = job losers and people who completed temporary jobs, as a percentage of the civilian labor force; U-3 = total unemployed, as a percentage of the civilian labor force (official unemployment rate); U-4 = total unemployed plus discouraged workers, as a percentage of the civilian labor force plus discouraged workers; U-5 = total unemployed, plus all people marginally attached to the labor force, as a percentage of the civilian labor force plus the marginally attached; U-6 = total unemployed, plus all people marginally attached to the labor force, plus total employed part time for economic reasons, as a percentage of the civilian labor force plus the marginally attached.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

U-4 and U-5 have tracked the unemployment rate closely during both the recession and the recovery. The number of people marginally attached to the labor force grew and declined at a rate similar to that of the unemployed. (See figure 7.) From late 2007 to early 2011, the ranks of the marginally attached doubled, from about 1.4 million to about 2.8 million, while the number of discouraged workers increased from about 350,000 to a peak of about 1.3 million. (The data are not seasonally adjusted.) By December 2017, the number of people marginally attached to the labor force had fallen to 1.6 million, and there were 474,000 discouraged workers. However, during both recessions and recoveries, the marginally attached have represented a small share of all people not in the labor force. Even at its peak in 2011, the number of people marginally attached to the labor force represented only about 3 percent of the 86 million people not in the labor force.14

Figure 7. People not in the labor force, not seasonally adjusted, 1994–2017 (numbers in thousands)
PeriodMarginally attached to the labor forceDiscouraged workers

Jan 1994

2,120600

Feb 1994

1,951489

Mar 1994

1,832533

Apr 1994

1,770502

May 1994

1,659436

Jun 1994

1,777532

Jul 1994

1,844542

Aug 1994

1,726489

Sep 1994

1,858521

Oct 1994

1,663460

Nov 1994

1,674447

Dec 1994

1,810445

Jan 1995

1,783440

Feb 1995

1,721439

Mar 1995

1,732454

Apr 1995

1,390385

May 1995

1,504398

Jun 1995

1,574364

Jul 1995

1,568456

Aug 1995

1,510410

Sep 1995

1,583341

Oct 1995

1,587412

Nov 1995

1,542401

Dec 1995

1,619425

Jan 1996

1,737409

Feb 1996

1,838455

Mar 1996

1,584451

Apr 1996

1,516403

May 1996

1,475352

Jun 1996

1,684414

Jul 1996

1,490423

Aug 1996

1,436415

Sep 1996

1,518391

Oct 1996

1,447374

Nov 1996

1,503346

Dec 1996

1,463334

Jan 1997

1,615397

Feb 1997

1,546364

Mar 1997

1,471356

Apr 1997

1,480379

May 1997

1,431338

Jun 1997

1,428353

Jul 1997

1,281311

Aug 1997

1,298311

Sep 1997

1,363328

Oct 1997

1,284302

Nov 1997

1,337331

Dec 1997

1,453345

Jan 1998

1,479374

Feb 1998

1,478361

Mar 1998

1,426343

Apr 1998

1,278344

May 1998

1,213268

Jun 1998

1,213311

Jul 1998

1,328374

Aug 1998

1,251280

Sep 1998

1,377317

Oct 1998

1,242333

Nov 1998

1,240310

Dec 1998

1,196358

Jan 1999

1,358339

Feb 1999

1,279271

Mar 1999

1,245295

Apr 1999

1,257245

May 1999

1,148256

Jun 1999

1,228220

Jul 1999

1,133290

Aug 1999

1,134265

Sep 1999

1,172289

Oct 1999

1,184271

Nov 1999

1,128272

Dec 1999

1,142267

Jan 2000

1,207236

Feb 2000

1,281267

Mar 2000

1,219258

Apr 2000

1,216331

May 2000

1,113280

Jun 2000

1,142309

Jul 2000

1,172266

Aug 2000

1,097203

Sep 2000

1,166253

Oct 2000

1,044232

Nov 2000

1,100236

Dec 2000

1,125269

Jan 2001

1,295301

Feb 2001

1,337287

Mar 2001

1,109349

Apr 2001

1,131349

May 2001

1,157328

Jun 2001

1,170294

Jul 2001

1,232310

Aug 2001

1,364337

Sep 2001

1,335285

Oct 2001

1,398331

Nov 2001

1,331328

Dec 2001

1,330348

Jan 2002

1,532328

Feb 2002

1,423375

Mar 2002

1,358330

Apr 2002

1,397320

May 2002

1,467414

Jun 2002

1,380342

Jul 2002

1,507405

Aug 2002

1,456378

Sep 2002

1,501392

Oct 2002

1,416359

Nov 2002

1,401385

Dec 2002

1,432403

Jan 2003

1,598449

Feb 2003

1,590450

Mar 2003

1,577474

Apr 2003

1,399437

May 2003

1,428482

Jun 2003

1,468478

Jul 2003

1,566470

Aug 2003

1,665503

Sep 2003

1,544388

Oct 2003

1,586462

Nov 2003

1,473457

Dec 2003

1,483433

Jan 2004

1,670432

Feb 2004

1,691484

Mar 2004

1,643514

Apr 2004

1,526492

May 2004

1,533476

Jun 2004

1,492478

Jul 2004

1,557504

Aug 2004

1,587534

Sep 2004

1,561412

Oct 2004

1,647429

Nov 2004

1,517392

Dec 2004

1,463442

Jan 2005

1,804515

Feb 2005

1,673485

Mar 2005

1,588480

Apr 2005

1,511393

May 2005

1,428392

Jun 2005

1,583476

Jul 2005

1,516499

Aug 2005

1,583384

Sep 2005

1,438362

Oct 2005

1,414392

Nov 2005

1,415404

Dec 2005

1,589451

Jan 2006

1,644396

Feb 2006

1,471386

Mar 2006

1,468451

Apr 2006

1,310381

May 2006

1,388323

Jun 2006

1,584481

Jul 2006

1,522428

Aug 2006

1,592448

Sep 2006

1,299325

Oct 2006

1,478331

Nov 2006

1,366349

Dec 2006

1,252274

Jan 2007

1,577442

Feb 2007

1,451375

Mar 2007

1,385381

Apr 2007

1,391399

May 2007

1,406368

Jun 2007

1,454401

Jul 2007

1,376367

Aug 2007

1,365392

Sep 2007

1,268276

Oct 2007

1,364320

Nov 2007

1,363349

Dec 2007

1,344363

Jan 2008

1,729467

Feb 2008

1,585396

Mar 2008

1,352401

Apr 2008

1,414412

May 2008

1,416400

Jun 2008

1,558420

Jul 2008

1,573461

Aug 2008

1,640381

Sep 2008

1,604467

Oct 2008

1,637484

Nov 2008

1,947608

Dec 2008

1,908642

Jan 2009

2,130734

Feb 2009

2,051731

Mar 2009

2,106685

Apr 2009

2,089740

May 2009

2,210792

Jun 2009

2,176793

Jul 2009

2,282796

Aug 2009

2,270758

Sep 2009

2,219706

Oct 2009

2,373808

Nov 2009

2,323861

Dec 2009

2,486929

Jan 2010

2,5391,065

Feb 2010

2,5271,204

Mar 2010

2,255994

Apr 2010

2,4321,197

May 2010

2,2231,083

Jun 2010

2,5911,207

Jul 2010

2,6221,185

Aug 2010

2,3701,110

Sep 2010

2,5481,209

Oct 2010

2,6021,219

Nov 2010

2,5311,282

Dec 2010

2,6091,318

Jan 2011

2,800993

Feb 2011

2,7301,020

Mar 2011

2,434921

Apr 2011

2,466989

May 2011

2,206822

Jun 2011

2,680982

Jul 2011

2,7851,119

Aug 2011

2,575977

Sep 2011

2,5111,037

Oct 2011

2,555967

Nov 2011

2,5911,096

Dec 2011

2,540945

Jan 2012

2,8091,059

Feb 2012

2,6081,006

Mar 2012

2,352865

Apr 2012

2,363968

May 2012

2,423830

Jun 2012

2,483821

Jul 2012

2,529852

Aug 2012

2,561844

Sep 2012

2,517802

Oct 2012

2,433813

Nov 2012

2,505979

Dec 2012

2,6141,068

Jan 2013

2,443804

Feb 2013

2,588885

Mar 2013

2,326803

Apr 2013

2,347835

May 2013

2,164780

Jun 2013

2,5821,027

Jul 2013

2,414988

Aug 2013

2,342866

Sep 2013

2,302852

Oct 2013

2,283815

Nov 2013

2,096762

Dec 2013

2,427917

Jan 2014

2,592837

Feb 2014

2,303755

Mar 2014

2,168698

Apr 2014

2,160783

May 2014

2,130697

Jun 2014

2,028676

Jul 2014

2,178741

Aug 2014

2,141775

Sep 2014

2,226698

Oct 2014

2,192770

Nov 2014

2,109698

Dec 2014

2,260740

Jan 2015

2,234682

Feb 2015

2,159732

Mar 2015

2,055738

Apr 2015

2,115756

May 2015

1,862563

Jun 2015

1,914653

Jul 2015

1,927668

Aug 2015

1,812624

Sep 2015

1,921635

Oct 2015

1,916665

Nov 2015

1,717594

Dec 2015

1,833663

Jan 2016

2,089623

Feb 2016

1,803599

Mar 2016

1,720585

Apr 2016

1,715568

May 2016

1,713538

Jun 2016

1,779502

Jul 2016

1,950591

Aug 2016

1,713576

Sep 2016

1,844553

Oct 2016

1,700487

Nov 2016

1,932591

Dec 2016

1,684426

Jan 2017

1,752532

Feb 2017

1,723522

Mar 2017

1,595460

Apr 2017

1,534455

May 2017

1,475355

Jun 2017

1,582514

Jul 2017

1,629536

Aug 2017

1,548448

Sep 2017

1,569421

Oct 2017

1,535524

Nov 2017

1,481469

Dec 2017

1,623474

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recession, U-6 (the broadest measure of labor underutilization) increased from 8.4 percent in November 2007 to a peak of 17.1 percent in October 2009—an increase of 8.7 percentage points in less than 2 years. In April 2010, U-6 began to trend downward, and its decline accelerated after September 2011. By December 2017, the measure had reached 8.1 percent, little different from its prerecession level.

While U-6 has returned to its prerecession level, one of its components—the number of people employed part time for economic reasons (also referred to as involuntary part-time workers)—has remained elevated. (See figure 8.) These individuals would have preferred to work full time, but they were working part time because of slack work or business conditions or because they could not find a full-time job.15

Figure 8. People employed part time for economic reasons, seasonally adjusted, 1994–2017 (numbers in thousands)
PeriodPart time for economic reasonsSlack work or business conditionsCould only find part-time work

Jan 1994

4,9472,5022,137

Feb 1994

4,6772,3412,035

Mar 1994

4,8902,5402,038

Apr 1994

4,7522,3362,066

May 1994

4,8362,5091,984

Jun 1994

4,8162,5441,898

Jul 1994

4,5052,4181,733

Aug 1994

4,3592,3831,664

Sep 1994

4,3322,4021,675

Oct 1994

4,4722,4261,787

Nov 1994

4,4682,4151,742

Dec 1994

4,4402,3851,733

Jan 1995

4,5502,4441,787

Feb 1995

4,3972,3911,716

Mar 1995

4,4512,3651,821

Apr 1995

4,4282,4081,707

May 1995

4,5132,5071,716

Jun 1995

4,4892,3741,767

Jul 1995

4,4362,4581,726

Aug 1995

4,5132,5661,621

Sep 1995

4,5802,5481,696

Oct 1995

4,4622,5751,620

Nov 1995

4,4892,5671,657

Dec 1995

4,4342,5271,577

Jan 1996

4,0222,2281,546

Feb 1996

4,4202,5201,585

Mar 1996

4,4292,5021,567

Apr 1996

4,4642,5271,580

May 1996

4,3272,2531,725

Jun 1996

4,3122,3451,602

Jul 1996

4,3582,5371,539

Aug 1996

4,3912,5051,596

Sep 1996

4,3822,4601,609

Oct 1996

4,3722,2821,733

Nov 1996

4,0252,1331,574

Dec 1996

4,3652,3871,645

Jan 1997

4,1892,3331,561

Feb 1997

4,2422,3971,507

Mar 1997

4,1122,3311,471

Apr 1997

4,3962,4461,628

May 1997

4,0322,3041,406

Jun 1997

3,9982,2921,363

Jul 1997

4,0402,1961,530

Aug 1997

4,0492,1961,515

Sep 1997

4,0042,2101,474

Oct 1997

3,9732,2151,456

Nov 1997

3,9622,2511,409

Dec 1997

3,8482,2391,312

Jan 1998

3,9222,2041,395

Feb 1998

3,8662,1581,390

Mar 1998

3,8592,1701,390

Apr 1998

3,7752,1201,299

May 1998

3,7272,1061,302

Jun 1998

3,7662,1861,262

Jul 1998

3,7962,3121,233

Aug 1998

3,5372,0381,201

Sep 1998

3,4481,9271,164

Oct 1998

3,4332,0141,134

Nov 1998

3,3391,9071,164

Dec 1998

3,4201,9321,147

Jan 1999

3,4492,0361,115

Feb 1999

3,4252,0051,114

Mar 1999

3,5502,0341,192

Apr 1999

3,4431,9571,115

May 1999

3,3931,9241,120

Jun 1999

3,4112,1041,036

Jul 1999

3,3502,0081,068

Aug 1999

3,2861,8921,085

Sep 1999

3,2791,8901,075

Oct 1999

3,1531,880960

Nov 1999

3,2251,9001,034

Dec 1999

3,2831,9481,027

Jan 2000

3,2081,9141,007

Feb 2000

3,1671,8551,006

Mar 2000

3,2311,878990

Apr 2000

3,1861,8861,008

May 2000

3,2831,967989

Jun 2000

3,2091,9061,001

Jul 2000

3,1441,914930

Aug 2000

3,2112,014905

Sep 2000

3,2172,081822

Oct 2000

3,1791,871928

Nov 2000

3,4672,216880

Dec 2000

3,2432,003908

Jan 2001

3,3322,086924

Feb 2001

3,2962,080911

Mar 2001

3,2801,968941

Apr 2001

3,2892,146891

May 2001

3,4392,239940

Jun 2001

3,7922,3831,052

Jul 2001

3,5562,1941,025

Aug 2001

3,3802,124953

Sep 2001

4,2332,8951,040

Oct 2001

4,4372,9811,093

Nov 2001

4,3172,8961,110

Dec 2001

4,3932,8961,211

Jan 2002

4,1122,6701,069

Feb 2002

4,2892,8171,108

Mar 2002

4,1012,7251,084

Apr 2002

4,1992,7421,127

May 2002

4,1032,6921,102

Jun 2002

4,0482,7091,101

Jul 2002

4,1452,7761,101

Aug 2002

4,3012,8991,167

Sep 2002

4,3292,7911,169

Oct 2002

4,3142,8811,134

Nov 2002

4,3292,8351,170

Dec 2002

4,3212,9011,170

Jan 2003

4,6073,0351,248

Feb 2003

4,8443,1561,263

Mar 2003

4,6523,1011,211

Apr 2003

4,7983,2181,247

May 2003

4,5703,0651,252

Jun 2003

4,5923,1551,267

Jul 2003

4,6483,1541,270

Aug 2003

4,4193,0081,207

Sep 2003

4,8823,1341,344

Oct 2003

4,8132,9831,378

Nov 2003

4,8623,1861,369

Dec 2003

4,7503,2011,287

Jan 2004

4,7052,9401,431

Feb 2004

4,5492,8841,376

Mar 2004

4,7423,0251,445

Apr 2004

4,5682,8361,442

May 2004

4,5882,7981,465

Jun 2004

4,4432,7981,378

Jul 2004

4,4492,6611,464

Aug 2004

4,4742,7801,379

Sep 2004

4,4872,7921,295

Oct 2004

4,8203,0551,372

Nov 2004

4,5472,7521,428

Dec 2004

4,4272,7391,413

Jan 2005

4,3892,7221,348

Feb 2005

4,2502,6311,274

Mar 2005

4,3882,6891,450

Apr 2005

4,2782,6211,365

May 2005

4,3152,6781,356

Jun 2005

4,4322,6541,397

Jul 2005

4,4002,7661,340

Aug 2005

4,4912,7431,420

Sep 2005

4,6752,9221,358

Oct 2005

4,2692,6511,289

Nov 2005

4,2192,6121,259

Dec 2005

4,1152,5511,216

Jan 2006

4,1232,6231,232

Feb 2006

4,1742,6561,214

Mar 2006

3,9722,5131,171

Apr 2006

3,9002,4351,154

May 2006

4,1112,6571,144

Jun 2006

4,3182,7371,190

Jul 2006

4,3032,7151,197

Aug 2006

4,1952,6871,187

Sep 2006

4,1152,6351,179

Oct 2006

4,3522,8421,205

Nov 2006

4,1902,7321,171

Dec 2006

4,1872,6841,225

Jan 2007

4,2792,7591,197

Feb 2007

4,2202,7191,204

Mar 2007

4,2532,7801,177

Apr 2007

4,3132,8301,210

May 2007

4,4732,9411,248

Jun 2007

4,3422,8051,200

Jul 2007

4,4102,7771,268

Aug 2007

4,5762,9741,184

Sep 2007

4,5213,0121,170

Oct 2007

4,3252,7871,225

Nov 2007

4,4943,0091,214

Dec 2007

4,6183,1431,221

Jan 2008

4,8463,3241,147

Feb 2008

4,9023,2971,230

Mar 2008

4,9043,3251,292

Apr 2008

5,2203,5731,302

May 2008

5,2863,6441,288

Jun 2008

5,5403,9111,381

Jul 2008

5,9304,3071,386

Aug 2008

5,8514,1861,403

Sep 2008

6,1484,2901,572

Oct 2008

6,6904,8361,520

Nov 2008

7,3115,4331,567

Dec 2008

8,0295,9971,590

Jan 2009

8,0466,0191,676

Feb 2009

8,7966,6021,796

Mar 2009

9,1456,9721,815

Apr 2009

8,9086,7551,775

May 2009

9,1136,8381,935

Jun 2009

9,0246,7722,100

Jul 2009

8,8916,9021,920

Aug 2009

9,0296,7602,042

Sep 2009

8,8476,4942,028

Oct 2009

8,9796,6812,018

Nov 2009

9,1146,6102,162

Dec 2009

9,0986,3922,284

Jan 2010

8,5306,0362,254

Feb 2010

8,9366,2812,257

Mar 2010

9,2336,3622,423

Apr 2010

9,1786,3302,453

May 2010

8,8456,1682,319

Jun 2010

8,5776,1012,273

Jul 2010

8,5006,1222,325

Aug 2010

8,8006,2462,288

Sep 2010

9,2466,4192,391

Oct 2010

8,8375,9682,477

Nov 2010

8,8735,9622,471

Dec 2010

8,9356,0392,482

Jan 2011

8,4705,8272,457

Feb 2011

8,4645,6752,451

Mar 2011

8,6455,8102,421

Apr 2011

8,6525,7482,515

May 2011

8,5765,9162,430

Jun 2011

8,4275,6682,485

Jul 2011

8,2815,5982,506

Aug 2011

8,7885,8032,673

Sep 2011

9,1665,7682,824

Oct 2011

8,6575,7182,493

Nov 2011

8,4475,5602,464

Dec 2011

8,1715,3992,406

Jan 2012

8,3055,4432,570

Feb 2012

8,2385,4892,416

Mar 2012

7,7755,1892,379

Apr 2012

7,9135,1812,431

May 2012

8,1015,2162,591

Jun 2012

8,0725,2962,502

Jul 2012

8,0825,2242,561

Aug 2012

7,9745,2382,469

Sep 2012

8,6715,5552,622

Oct 2012

8,2035,1092,630

Nov 2012

8,1665,1082,697

Dec 2012

7,9434,9632,624

Jan 2013

8,1515,2052,638

Feb 2013

8,1785,2372,541

Mar 2013

7,7224,9322,511

Apr 2013

7,9645,0982,513

May 2013

7,9374,8662,643

Jun 2013

8,1035,0662,637

Jul 2013

8,0995,0582,697

Aug 2013

7,8164,7342,671

Sep 2013

7,7645,0092,580

Oct 2013

7,9365,0232,639

Nov 2013

7,7184,8932,531

Dec 2013

7,8274,8742,617

Jan 2014

7,3024,4672,566

Feb 2014

7,3044,3582,663

Mar 2014

7,4514,4542,669

Apr 2014

7,5164,5092,626

May 2014

7,2604,4232,410

Jun 2014

7,4254,4092,675

Jul 2014

7,4004,5542,553

Aug 2014

7,1694,1232,599

Sep 2014

7,0074,1982,574

Oct 2014

7,0314,2632,436

Nov 2014

6,8854,1092,450

Dec 2014

6,8174,0622,421

Jan 2015

6,8204,0312,421

Feb 2015

6,6933,8982,407

Mar 2015

6,6534,0492,253

Apr 2015

6,6223,8662,396

May 2015

6,6433,8832,312

Jun 2015

6,3863,8282,205

Jul 2015

6,2343,7702,221

Aug 2015

6,4113,7192,287

Sep 2015

6,0253,5742,124

Oct 2015

5,8073,3382,167

Nov 2015

6,1593,5872,261

Dec 2015

6,0273,5812,175

Jan 2016

5,9603,5522,100

Feb 2016

6,0213,6252,101

Mar 2016

6,0993,6432,110

Apr 2016

6,0273,7452,016

May 2016

6,4913,9142,051

Jun 2016

5,7513,4072,053

Jul 2016

5,8983,6351,955

Aug 2016

5,9773,6481,947

Sep 2016

5,8933,5991,954

Oct 2016

5,9553,5282,100

Nov 2016

5,7193,5261,923

Dec 2016

5,5543,3871,871

Jan 2017

5,7763,5611,934

Feb 2017

5,6703,5891,850

Mar 2017

5,5003,3771,833

Apr 2017

5,3093,1831,787

May 2017

5,2683,0581,764

Jun 2017

5,2643,2631,711

Jul 2017

5,2363,1481,734

Aug 2017

5,2093,2321,631

Sep 2017

5,1483,0981,725

Oct 2017

4,8802,9601,615

Nov 2017

4,8512,9951,558

Dec 2017

4,9153,0971,570

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

In April 2006, the number of involuntary part-time workers reached its prerecession low, 3.9 million. Over the next 4 years, this measure more than doubled, reaching 9.2 million, or 6.7 percent of total employment, in March 2010. The share of employment made up of involuntary part-time workers had not surpassed 5 percent since the 1981–82 recession.16 Three-fourths of the increase between 2006 and 2010 was accounted for by those who were working part time because of slack work or business conditions.17 This number started to increase sharply in November 2007 but turned downward immediately after the recession. By contrast, the number of people who could only find part-time work rose at a more modest pace during the recession and continued its upward trend well into the recovery. From November 2007 to June 2009, this measure increased from 1.2 million to 2.1 million, but rose an additional 724,000 before reaching its peak of 2.8 million in September 2011. The measure hovered around 2.6 million until mid-2014, when it began to trend downward.

The number of people employed part time for economic reasons has declined substantially since 2010, but has not completely returned to its prerecession level. In December 2017, there were 4.9 million involuntary part-time workers, or 3.2 percent of total employment. Involuntary part-time employment had declined by about 4 million from its peak, but the measure was still 1.0 million higher than its prerecession low. For much of 2006 and 2007, the number of people employed part time for economic reasons as a share of total employment was below 3 percent. The number of involuntary part-time workers who could only find part-time work numbered 1.6 million in December 2017, compared with 1.2 million before the recession. The number of those who were working part time because of slack work, 3.1 million, was 662,000 higher than it was in April 2006. Before, during, and after the recession, involuntary part-time workers tended to be younger and employed in service or construction and extraction occupations.

Trends in involuntary part-time employment during the recession and recovery varied by race and ethnicity. (See figure 9.) Historically, Hispanics and Blacks have been more likely to be employed part time for economic reasons than Whites and Asians. (Asian estimates for 2000–02 are for Asians and Pacific Islanders; beginning in 2003, Asian is a separate category.) Involuntary part-time employment among Hispanics as a percentage of total employment rose sharply during the recession, from 5 percent in 2007 to 12 percent in 2009. This increase was partly due to the high concentration of Hispanics in construction occupations. The share for Blacks increased more slowly during the recession—peaking at 8 percent in 2011—and did not begin to trend down until later in the recovery. In 2017, the share for Hispanics (5 percent) was about the same as that for Blacks (5 percent), but both shares remained considerably higher than the shares for Whites (3 percent) and Asians (3 percent).

Figure 9. People employed part time for economic reasons as a percentage of total employment, by race and ethnicity, annual averages, 2000–17
YearTotal, 16 years and overWhiteBlack or African AmericanAsianHispanic or Latino ethnicity

2000

2.32.23.22.13.7

2001

2.62.53.72.44.6

2002

3.02.94.12.75.2

2003

3.33.24.32.95.9

2004

3.23.04.52.75.3

2005

3.02.84.32.54.8

2006

2.82.73.92.04.4

2007

3.02.83.82.14.8

2008

4.03.94.82.67.0

2009

6.36.27.15.211.5

2010

6.36.17.45.211.0

2011

6.05.87.75.110.1

2012

5.65.47.34.59.0

2013

5.45.27.44.48.3

2014

4.94.66.74.07.5

2015

4.24.05.93.06.5

2016

3.93.65.43.15.7

2017

3.43.24.82.75.0

Note: People of Hispanic or Latino ethnicity can be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Labor force participation

Figure 10 presents the labor force participation rate—the share of the population working or looking for work—from 1992 to 2017. During the 2007–09 recession, the participation rate held fairly steady, declining by only 0.5 percentage point from November 2007 to July 2009. However, from July 2009 to September 2015, the rate fell 3.2 percentage points, down to 62.3 percent. At 62.7 percent in December 2017, the rate has shown little change, on net, in recent years.

Figure 10. Labor force participation rates, by gender, seasonally adjusted, 1992–2017
PeriodTotalMenWomen

Jan 1992

66.375.757.7

Feb 1992

66.275.657.7

Mar 1992

66.475.857.8

Apr 1992

66.575.857.9

May 1992

66.676.157.8

Jun 1992

66.776.257.9

Jul 1992

66.776.058.1

Aug 1992

66.676.058.0

Sep 1992

66.575.957.8

Oct 1992

66.275.657.6

Nov 1992

66.375.657.8

Dec 1992

66.375.557.9

Jan 1993

66.275.457.7

Feb 1993

66.275.457.7

Mar 1993

66.275.657.6

Apr 1993

66.175.457.7

May 1993

66.475.658.0

Jun 1993

66.575.758.0

Jul 1993

66.475.757.9

Aug 1993

66.475.758.0

Sep 1993

66.275.257.9

Oct 1993

66.375.358.1

Nov 1993

66.375.158.2

Dec 1993

66.475.058.4

Jan 1994

66.675.358.7

Feb 1994

66.675.158.8

Mar 1994

66.574.958.7

Apr 1994

66.574.958.8

May 1994

66.674.858.9

Jun 1994

66.474.758.7

Jul 1994

66.474.858.6

Aug 1994

66.675.058.9

Sep 1994

66.675.058.9

Oct 1994

66.775.258.9

Nov 1994

66.775.258.9

Dec 1994

66.775.458.7

Jan 1995

66.875.458.8

Feb 1995

66.875.458.8

Mar 1995

66.775.358.8

Apr 1995

66.975.359.2

May 1995

66.574.958.8

Jun 1995

66.575.058.7

Jul 1995

66.674.959.1

Aug 1995

66.674.859.0

Sep 1995

66.675.059.0

Oct 1995

66.674.759.2

Nov 1995

66.574.659.1

Dec 1995

66.474.658.9

Jan 1996

66.474.658.9

Feb 1996

66.674.958.9

Mar 1996

66.674.959.0

Apr 1996

66.774.959.1

May 1996

66.775.059.1

Jun 1996

66.775.059.0

Jul 1996

66.975.259.3

Aug 1996

66.774.859.3

Sep 1996

66.975.059.5

Oct 1996

67.075.159.6

Nov 1996

67.074.959.8

Dec 1996

67.074.859.8

Jan 1997

67.074.959.6

Feb 1997

66.974.959.5

Mar 1997

67.175.059.8

Apr 1997

67.175.159.7

May 1997

67.175.059.8

Jun 1997

67.175.059.7

Jul 1997

67.275.060.0

Aug 1997

67.275.059.9

Sep 1997

67.174.960.0

Oct 1997

67.174.959.8

Nov 1997

67.275.159.8

Dec 1997

67.274.960.1

Jan 1998

67.174.959.9

Feb 1998

67.174.859.9

Mar 1998

67.174.859.9

Apr 1998

67.074.859.7

May 1998

67.074.959.7

Jun 1998

67.074.959.7

Jul 1998

67.075.059.7

Aug 1998

67.074.659.8

Sep 1998

67.275.060.0

Oct 1998

67.274.960.0

Nov 1998

67.175.059.9

Dec 1998

67.274.960.0

Jan 1999

67.275.060.1

Feb 1999

67.274.960.0

Mar 1999

67.074.759.9

Apr 1999

67.174.660.1

May 1999

67.174.859.9

Jun 1999

67.174.760.1

Jul 1999

67.174.760.0

Aug 1999

67.074.660.0

Sep 1999

67.074.660.0

Oct 1999

67.074.660.1

Nov 1999

67.174.660.2

Dec 1999

67.174.860.1

Jan 2000

67.375.160.1

Feb 2000

67.375.360.0

Mar 2000

67.375.060.1

Apr 2000

67.374.960.3

May 2000

67.174.860.0

Jun 2000

67.174.860.0

Jul 2000

66.974.559.9

Aug 2000

66.974.859.6

Sep 2000

66.974.659.8

Oct 2000

66.874.559.7

Nov 2000

66.974.659.9

Dec 2000

67.074.759.9

Jan 2001

67.275.060.1

Feb 2001

67.174.860.0

Mar 2001

67.274.760.2

Apr 2001

66.974.659.8

May 2001

66.774.459.7

Jun 2001

66.774.359.7

Jul 2001

66.874.459.7

Aug 2001

66.574.159.5

Sep 2001

66.874.559.6

Oct 2001

66.774.459.7

Nov 2001

66.774.359.8

Dec 2001

66.774.359.7

Jan 2002

66.574.059.5

Feb 2002

66.874.259.9

Mar 2002

66.674.159.7

Apr 2002

66.774.259.7

May 2002

66.774.559.6

Jun 2002

66.674.259.6

Jul 2002

66.574.159.5

Aug 2002

66.674.159.6

Sep 2002

66.774.459.7

Oct 2002

66.674.059.6

Nov 2002

66.473.759.5

Dec 2002

66.373.659.5

Jan 2003

66.473.559.7

Feb 2003

66.473.759.6

Mar 2003

66.373.359.7

Apr 2003

66.473.659.7

May 2003

66.473.659.7

Jun 2003

66.573.659.9

Jul 2003

66.273.459.5

Aug 2003

66.173.359.5

Sep 2003

66.173.659.1

Oct 2003

66.173.459.3

Nov 2003

66.173.659.2

Dec 2003

65.973.559.0

Jan 2004

66.173.759.1

Feb 2004

66.073.259.2

Mar 2004

66.073.259.3

Apr 2004

65.973.159.2

May 2004

66.073.159.3

Jun 2004

66.173.359.3

Jul 2004

66.173.559.3

Aug 2004

66.073.459.0

Sep 2004

65.873.259.0

Oct 2004

65.973.359.0

Nov 2004

66.073.559.0

Dec 2004

65.973.259.1

Jan 2005

65.873.059.1

Feb 2005

65.973.259.1

Mar 2005

65.973.259.0

Apr 2005

66.173.459.2

May 2005

66.173.559.3

Jun 2005

66.173.459.2

Jul 2005

66.173.459.2

Aug 2005

66.273.559.3

Sep 2005

66.173.359.4

Oct 2005

66.173.259.5

Nov 2005

66.073.259.3

Dec 2005

66.073.259.2

Jan 2006

66.073.459.1

Feb 2006

66.173.559.3

Mar 2006

66.273.659.2

Apr 2006

66.173.559.2

May 2006

66.173.559.2

Jun 2006

66.273.459.5

Jul 2006

66.173.159.6

Aug 2006

66.273.459.5

Sep 2006

66.173.459.3

Oct 2006

66.273.459.4

Nov 2006

66.373.559.5

Dec 2006

66.473.759.5

Jan 2007

66.473.859.5

Feb 2007

66.373.659.4

Mar 2007

66.273.559.4

Apr 2007

65.973.458.9

May 2007

66.073.259.1

Jun 2007

66.073.359.3

Jul 2007

66.073.159.3

Aug 2007

65.872.859.2

Sep 2007

66.073.059.5

Oct 2007

65.872.959.2

Nov 2007

66.073.159.4

Dec 2007

66.073.159.4

Jan 2008

66.273.459.5

Feb 2008

66.073.159.3

Mar 2008

66.173.159.5

Apr 2008

65.972.959.4

May 2008

66.173.159.6

Jun 2008

66.173.059.5

Jul 2008

66.173.159.4

Aug 2008

66.172.959.6

Sep 2008

66.072.959.4

Oct 2008

66.072.959.6

Nov 2008

65.972.759.5

Dec 2008

65.872.559.5

Jan 2009

65.772.459.4

Feb 2009

65.872.459.5

Mar 2009

65.672.159.5

Apr 2009

65.772.359.4

May 2009

65.772.459.4

Jun 2009

65.772.259.5

Jul 2009

65.572.059.4

Aug 2009

65.472.059.2

Sep 2009

65.171.758.9

Oct 2009

65.071.658.8

Nov 2009

65.071.558.9

Dec 2009

64.671.058.6

Jan 2010

64.871.258.8

Feb 2010

64.971.258.9

Mar 2010

64.971.458.8

Apr 2010

65.271.858.9

May 2010

64.971.458.8

Jun 2010

64.671.158.5

Jul 2010

64.671.258.4

Aug 2010

64.771.358.6

Sep 2010

64.671.158.5

Oct 2010

64.470.858.4

Nov 2010

64.670.958.6

Dec 2010

64.370.758.3

Jan 2011

64.270.558.3

Feb 2011

64.170.558.1

Mar 2011

64.270.458.3

Apr 2011

64.270.558.3

May 2011

64.170.558.1

Jun 2011

64.070.458.0

Jul 2011

64.070.358.0

Aug 2011

64.170.558.1

Sep 2011

64.270.558.3

Oct 2011

64.170.458.1

Nov 2011

64.170.558.0

Dec 2011

64.070.557.8

Jan 2012

63.770.257.7

Feb 2012

63.870.257.8

Mar 2012

63.870.257.8

Apr 2012

63.770.157.6

May 2012

63.770.257.7

Jun 2012

63.870.357.7

Jul 2012

63.770.257.6

Aug 2012

63.569.957.6

Sep 2012

63.670.157.6

Oct 2012

63.870.357.7

Nov 2012

63.670.157.6

Dec 2012

63.770.157.7

Jan 2013

63.770.357.5

Feb 2013

63.470.057.3

Mar 2013

63.369.757.2

Apr 2013

63.469.957.3

May 2013

63.469.957.3

Jun 2013

63.469.957.4

Jul 2013

63.369.857.3

Aug 2013

63.369.657.3

Sep 2013

63.269.857.1

Oct 2013

62.869.256.8

Nov 2013

63.069.556.9

Dec 2013

62.969.257.0

Jan 2014

62.969.357.0

Feb 2014

62.969.157.2

Mar 2014

63.169.457.3

Apr 2014

62.869.157.0

May 2014

62.869.057.0

Jun 2014

62.869.256.9

Jul 2014

62.969.356.9

Aug 2014

62.969.356.9

Sep 2014

62.869.256.8

Oct 2014

62.969.157.1

Nov 2014

62.969.157.0

Dec 2014

62.869.356.7

Jan 2015

62.969.456.8

Feb 2015

62.769.256.6

Mar 2015

62.769.256.6

Apr 2015

62.869.356.6

May 2015

62.969.456.8

Jun 2015

62.769.056.8

Jul 2015

62.669.056.6

Aug 2015

62.668.956.7

Sep 2015

62.368.756.4

Oct 2015

62.568.856.6

Nov 2015

62.568.756.8

Dec 2015

62.769.056.9

Jan 2016

62.869.056.9

Feb 2016

62.969.356.9

Mar 2016

63.069.457.1

Apr 2016

62.869.356.8

May 2016

62.669.056.7

Jun 2016

62.769.356.6

Jul 2016

62.869.356.7

Aug 2016

62.869.356.8

Sep 2016

62.969.356.9

Oct 2016

62.869.256.8

Nov 2016

62.769.056.7

Dec 2016

62.769.156.8

Jan 2017

62.969.356.9

Feb 2017

62.969.357.0

Mar 2017

63.069.257.2

Apr 2017

62.969.257.1

May 2017

62.768.956.9

Jun 2017

62.869.057.1

Jul 2017

62.968.957.2

Aug 2017

62.96957.2

Sep 2017

6369.257.2

Oct 2017

62.76956.8

Nov 2017

62.768.957

Dec 2017

62.76956.9

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recession, labor force participation among men declined, while the rate for women held steady. For men, the labor force participation rate decreased 1.1 percentage points during the recession, down to 72.0 percent in July 2009, while the rate for women was 59.4 percent in July 2009, unchanged from November 2007. After the recession, participation declined proportionally among both men and women. From July 2009 to September 2015, the labor force participation rate for men declined 3.3 percentage points, to 68.7 percent, while the rate for women fell 3.0 percentage points, to 56.4 percent. Since then, the rates for both men and women have shown no clear trend, standing at 69.0 percent and 56.9 percent, respectively, in December 2017.

Among the major age groups, people 16 to 24 years old saw the largest decline in labor force participation during the recession. (See table 2.) From 2007 to 2010, the participation rate for young people declined 4.2 percentage points, to 55.2 percent. The decline was more pronounced among young people enrolled in school (−4.4 percentage points) than among those not enrolled in school (−2.2 percentage points). However, this downward trend, driven in part by increased school enrollment and fewer students working, predated the most recent recession. From 2000 to 2007, the participation rate for young people in school declined by 7.2 percentage points, while school enrollment increased steadily from 53.0 percent in October 2000 to 58.1 percent in October 2009.18 During the recovery, the youth labor force participation rate held steady—at 55.5 percent in 2017, it was little changed from 2010. Together, these trends partly reflect the choice of many young people, especially teenagers, to focus on school or other extracurricular activities instead of participating in the labor force.19

Table 2. Labor force participation rates, by selected characteristics, annual averages,1997–2017
Characteristics1997200720102017Change, 1997–2007Change, 2007–10Change, 2010–17

Total, 16 years and over

67.166.064.762.9-1.1-1.3-1.8

16 to 24 years

65.459.455.255.5-6.0-4.20.3

Enrolled in school

48.741.737.336.0-7.0-4.4-1.3

Not enrolled in school

80.378.576.377.5-1.8-2.21.2

25 to 54 years

84.183.082.281.7-1.1-0.8-0.5

55 years and over

30.938.640.240.07.71.6-0.2

55 to 64 years

58.963.864.964.54.91.1-0.4

65 years and over

12.216.017.419.33.81.41.9

Men, 16 years and over

75.073.271.269.1-1.8-2.0-2.1

16 to 24 years

68.261.556.856.6-6.7-4.7-0.2

Enrolled in school

47.238.935.033.5-8.3-3.9-1.5

Not enrolled in school

86.684.581.081.1-2.1-3.50.1

25 to 54 years

91.890.989.388.6-0.9-1.6-0.7

55 years and over

38.945.246.446.16.31.2-0.3

55 to 64 years

67.669.670.070.62.00.40.6

65 years and over

17.120.522.123.93.41.61.8

Women, 16 years and over

59.859.358.657.0-0.5-0.7-1.6

16 to 24 years

62.657.253.654.3-5.4-3.60.7

Enrolled in school

50.344.439.638.3-5.9-4.8-1.3

Not enrolled in school

73.872.071.373.6-1.8-0.72.3

25 to 54 years

76.775.475.275.0-1.3-0.2-0.2

55 years and over

24.633.235.134.78.61.9-0.4

55 to 64 years

50.958.360.258.97.41.9-1.3

65 years and over

8.612.613.815.74.01.21.9

Total, 16 years and over

67.166.064.762.9-1.1-1.3-1.8

Men

75.073.271.269.1-1.8-2.0-2.1

Women

59.859.358.657.0-0.5-0.7-1.6

White, 16 years and over

67.566.465.162.8-1.1-1.3-2.3

Men

75.974.072.069.5-1.9-2.0-2.5

Women

59.559.058.556.4-0.5-0.5-2.1

Black or African American, 16 years and over

64.763.762.262.3-1.0-1.50.1

Men

68.366.865.064.6-1.5-1.8-0.4

Women

61.761.159.960.3-0.6-1.20.4

Asian, 16 years and over

66.564.763.6-1.8-1.1

Men

75.173.271.9-1.9-1.3

Women

58.657.056.4-1.6-0.6

Hispanic or Latino ethnicity, 16 years and over

67.968.867.566.10.9-1.3-1.4

Men

80.180.577.875.80.4-2.7-2.0

Women

55.156.556.556.41.40.0-0.1

Note: People of Hispanic or Latino ethnicity can be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During and immediately after the recession, the labor force participation rate among those of prime working age (25 to 54 years old) declined, but it has begun to rebound in recent years. From 2008 to 2013, the rate declined 2.1 percentage points, down to 81.0 percent, holding steady for the following 2 years. Since 2015, the participation rate had been on an upward trend that continued through 2017.20 On a seasonally adjusted basis, the prime-working-age labor force participation rate was 81.9 percent in December.

For those age 55 and over, the recession marked the sunset of a nearly two-decade-long increase in labor force participation. From 1994 to 2012, the labor force participation rate for this group increased 11.1 percentage points, to 40.5 percent, and only about 1 percentage point of this increase occurred during the most recent recession.21 In recent years, the rate has held steady, at about 40 percent. During the recession, labor force participation increased for both those 55 to 64 years and those 65 years and over. This movement likely reflected continued upward pressure from factors beyond the business cycle, including longer life expectancies, higher educational attainment, increases to the Social Security full retirement age, and the long-term shift from defined-benefit to defined-contribution pension plans.22 During the recovery, however, the participation rate for 55- to 64-year-olds edged down by 0.4 percentage point, while the rate for those 65 years and over rose a further 1.9 percentage points. In 2017, 19.3 percent of people 65 years and over were in the labor force, up from 12.2 percent two decades ago.

During the recession, labor force participation fell for men and women of almost all major race and ethnicity groups. (See table 2, figure 11, and figure 12.) The exception was Hispanic women, whose participation rate, at 56.5 percent in 2010, was unchanged, on net, from 2007. From 2007 to 2010, the labor force participation rates for White men (72.0 percent in 2010), Black men (65.0 percent), Asian men (73.2 percent), and Hispanic men (77.8 percent) all declined by about 2 percentage points. Over the same period, the rate for Asian women (57.0 percent in 2010) declined by 1.6 percentage points, the rate for Black women (59.9 percent) declined by 1.2 percentage points, and the rate for White women (58.5 percent) declined by 0.5 percentage point.

Figure 11. Labor force participation rates, by race and ethnicity, seasonally adjusted, 1992–2017
PeriodWhiteBlack or African AmericanAsianHispanic or Latino ethnicity

Jan 1992

66.763.566.7

Feb 1992

66.763.666.9

Mar 1992

66.863.667.0

Apr 1992

66.963.566.8

May 1992

66.964.067.1

Jun 1992

66.964.567.2

Jul 1992

67.064.566.9

Aug 1992

66.964.966.9

Sep 1992

66.864.266.8

Oct 1992

66.663.966.6

Nov 1992

66.763.766.5

Dec 1992

66.763.666.6

Jan 1993

66.663.066.6

Feb 1993

66.663.966.5

Mar 1993

66.663.166.4

Apr 1993

66.662.966.0

May 1993

66.863.465.8

Jun 1993

66.963.166.0

Jul 1993

66.863.266.0

Aug 1993

66.963.365.8

Sep 1993

66.763.165.8

Oct 1993

67.062.766.6

Nov 1993

66.863.366.3

Dec 1993

66.962.866.4

Jan 1994

67.163.365.7

Feb 1994

67.163.566.0

Mar 1994

66.963.766.2

Apr 1994

67.063.566.2

May 1994

67.163.466.6

Jun 1994

66.863.665.9

Jul 1994

66.963.066.0

Aug 1994

67.263.165.7

Sep 1994

67.263.165.8

Oct 1994

67.363.866.5

Nov 1994

67.263.466.8

Dec 1994

67.363.065.8

Jan 1995

67.263.465.6

Feb 1995

67.164.365.4

Mar 1995

67.163.965.4

Apr 1995

67.364.465.9

May 1995

66.963.765.9

Jun 1995

67.063.666.0

Jul 1995

67.263.166.1

Aug 1995

67.163.366.0

Sep 1995

67.163.466.5

Oct 1995

67.163.766.3

Nov 1995

66.964.365.7

Dec 1995

66.963.765.6

Jan 1996

66.864.065.9

Feb 1996

67.163.266.3

Mar 1996

67.163.865.8

Apr 1996

67.163.965.7

May 1996

67.264.265.7

Jun 1996

67.163.865.7

Jul 1996

67.364.566.1

Aug 1996

67.164.866.8

Sep 1996

67.363.966.8

Oct 1996

67.564.667.3

Nov 1996

67.464.568.3

Dec 1996

67.464.367.5

Jan 1997

67.364.468.4

Feb 1997

67.364.367.7

Mar 1997

67.564.467.7

Apr 1997

67.564.367.0

May 1997

67.564.367.8

Jun 1997

67.564.567.9

Jul 1997

67.664.768.3

Aug 1997

67.565.868.2

Sep 1997

67.565.367.7

Oct 1997

67.564.668.0

Nov 1997

67.564.768.0

Dec 1997

67.565.067.9

Jan 1998

67.365.167.5

Feb 1998

67.365.267.7

Mar 1998

67.365.768.2

Apr 1998

67.265.468.2

May 1998

67.364.768.7

Jun 1998

67.265.868.3

Jul 1998

67.265.867.9

Aug 1998

67.365.567.7

Sep 1998

67.465.668.2

Oct 1998

67.466.267.9

Nov 1998

67.466.067.6

Dec 1998

67.465.667.8

Jan 1999

67.466.267.9

Feb 1999

67.565.667.9

Mar 1999

67.365.567.8

Apr 1999

67.365.667.5

May 1999

67.365.667.5

Jun 1999

67.465.767.7

Jul 1999

67.366.067.6

Aug 1999

67.365.768.0

Sep 1999

67.266.467.7

Oct 1999

67.266.167.6

Nov 1999

67.365.967.9

Dec 1999

67.465.768.1

Jan 2000

67.565.365.670.2

Feb 2000

67.565.365.869.9

Mar 2000

67.564.766.570.0

Apr 2000

67.566.066.669.9

May 2000

67.265.967.969.8

Jun 2000

67.365.768.769.8

Jul 2000

67.165.467.868.9

Aug 2000

67.265.468.069.2

Sep 2000

67.165.066.969.8

Oct 2000

67.065.467.869.4

Nov 2000

67.065.867.869.8

Dec 2000

67.365.566.969.9

Jan 2001

67.466.167.569.9

Feb 2001

67.465.667.770.0

Mar 2001

67.465.967.770.3

Apr 2001

67.165.467.669.9

May 2001

66.965.366.769.3

Jun 2001

66.965.466.568.6

Jul 2001

66.965.367.869.1

Aug 2001

66.765.266.869.2

Sep 2001

66.965.367.369.2

Oct 2001

67.064.967.169.6

Nov 2001

67.064.667.469.2

Dec 2001

67.065.266.369.4

Jan 2002

66.765.165.969.4

Feb 2002

67.165.066.869.5

Mar 2002

66.964.966.969.1

Apr 2002

66.965.366.869.5

May 2002

67.065.366.568.9

Jun 2002

66.864.667.269.0

Jul 2002

66.964.167.869.3

Aug 2002

66.964.467.969.1

Sep 2002

66.965.068.169.2

Oct 2002

66.864.767.768.8

Nov 2002

66.664.267.168.9

Dec 2002

66.564.867.368.6

Jan 2003

66.664.667.269.4

Feb 2003

66.764.566.569.4

Mar 2003

66.664.166.469.0

Apr 2003

66.764.766.668.9

May 2003

66.564.966.368.1

Jun 2003

66.764.866.768.4

Jul 2003

66.564.365.867.6

Aug 2003

66.464.366.367.7

Sep 2003

66.264.566.367.8

Oct 2003

66.464.166.567.7

Nov 2003

66.464.065.567.7

Dec 2003

66.263.366.667.7

Jan 2004

66.464.366.768.5

Feb 2004

66.363.566.468.1

Mar 2004

66.364.166.068.9

Apr 2004

66.363.566.268.5

May 2004

66.363.265.568.8

Jun 2004

66.463.365.068.7

Jul 2004

66.464.164.968.9

Aug 2004

66.364.065.168.8

Sep 2004

66.163.866.168.5

Oct 2004

66.264.366.368.6

Nov 2004

66.364.066.668.2

Dec 2004

66.263.865.968.2

Jan 2005

66.263.666.267.6

Feb 2005

66.363.566.168.1

Mar 2005

66.263.765.768.1

Apr 2005

66.364.065.968.1

May 2005

66.464.465.868.2

Jun 2005

66.264.765.268.0

Jul 2005

66.364.666.467.8

Aug 2005

66.464.666.068.1

Sep 2005

66.464.266.267.8

Oct 2005

66.364.566.968.1

Nov 2005

66.364.466.368.3

Dec 2005

66.363.666.068.5

Jan 2006

66.563.465.869.0

Feb 2006

66.464.466.369.0

Mar 2006

66.464.666.668.8

Apr 2006

66.464.266.568.9

May 2006

66.464.265.868.8

Jun 2006

66.563.765.869.1

Jul 2006

66.564.165.768.5

Aug 2006

66.664.265.668.2

Sep 2006

66.363.667.168.0

Oct 2006

66.564.166.968.6

Nov 2006

66.564.366.668.8

Dec 2006

66.764.566.369.3

Jan 2007

66.764.666.569.4

Feb 2007

66.664.265.968.9

Mar 2007

66.663.866.169.0

Apr 2007

66.263.766.168.9

May 2007

66.363.466.468.7

Jun 2007

66.463.566.468.5

Jul 2007

66.363.966.768.7

Aug 2007

66.163.667.169.1

Sep 2007

66.363.565.868.9

Oct 2007

66.263.366.468.7

Nov 2007

66.463.267.568.8

Dec 2007

66.463.466.768.6

Jan 2008

66.564.067.368.6

Feb 2008

66.363.766.968.6

Mar 2008

66.364.067.268.6

Apr 2008

66.163.967.968.8

May 2008

66.463.867.369.1

Jun 2008

66.463.766.968.8

Jul 2008

66.463.867.268.5

Aug 2008

66.364.367.468.8

Sep 2008

66.263.766.768.5

Oct 2008

66.463.666.768.2

Nov 2008

66.263.166.267.8

Dec 2008

66.163.566.268.0

Jan 2009

66.163.265.567.9

Feb 2009

66.262.966.068.2

Mar 2009

66.062.365.768.3

Apr 2009

66.163.066.368.5

May 2009

66.262.866.368.1

Jun 2009

66.162.666.767.9

Jul 2009

65.962.867.268.5

Aug 2009

65.962.166.367.8

Sep 2009

65.561.865.967.8

Oct 2009

65.561.865.567.6

Nov 2009

65.462.165.367.7

Dec 2009

65.161.965.567.2

Jan 2010

65.362.364.268.1

Feb 2010

65.362.164.368.1

Mar 2010

65.362.664.468.1

Apr 2010

65.662.765.767.6

May 2010

65.362.765.067.4

Jun 2010

65.161.964.867.2

Jul 2010

65.161.964.967.5

Aug 2010

65.262.264.967.4

Sep 2010

65.061.864.267.6

Oct 2010

64.862.065.266.8

Nov 2010

64.862.564.667.1

Dec 2010

64.762.164.467.0

Jan 2011

64.661.664.967.1

Feb 2011

64.561.464.866.0

Mar 2011

64.661.365.366.4

Apr 2011

64.761.464.266.4

May 2011

64.661.065.166.0

Jun 2011

64.561.164.466.2

Jul 2011

64.560.764.366.1

Aug 2011

64.561.663.866.7

Sep 2011

64.562.264.366.7

Oct 2011

64.561.564.967.0

Nov 2011

64.461.464.366.6

Dec 2011

64.361.964.666.8

Jan 2012

64.261.164.266.3

Feb 2012

64.261.662.966.8

Mar 2012

64.161.863.366.3

Apr 2012

64.061.362.566.4

May 2012

64.161.363.567.0

Jun 2012

64.162.164.166.9

Jul 2012

63.961.664.566.5

Aug 2012

63.861.363.666.1

Sep 2012

64.061.264.066.3

Oct 2012

64.062.263.666.3

Nov 2012

63.861.364.865.7

Dec 2012

63.961.365.765.8

Jan 2013

63.961.864.966.2

Feb 2013

63.661.764.866.3

Mar 2013

63.561.264.265.4

Apr 2013

63.761.564.065.7

May 2013

63.761.763.766.5

Jun 2013

63.761.665.366.3

Jul 2013

63.661.264.466.7

Aug 2013

63.560.764.766.3

Sep 2013

63.461.265.365.8

Oct 2013

63.060.664.265.7

Nov 2013

63.360.464.766.0

Dec 2013

63.260.364.665.5

Jan 2014

63.260.663.965.9

Feb 2014

63.260.963.966.0

Mar 2014

63.361.364.466.1

Apr 2014

63.061.063.565.7

May 2014

63.160.963.665.8

Jun 2014

63.161.162.966.3

Jul 2014

63.061.762.866.0

Aug 2014

63.161.063.866.1

Sep 2014

63.061.663.466.0

Oct 2014

63.061.463.966.4

Nov 2014

63.161.363.266.3

Dec 2014

62.861.463.466.1

Jan 2015

63.261.062.666.6

Feb 2015

62.961.063.166.2

Mar 2015

62.961.162.566.2

Apr 2015

62.862.263.266.4

May 2015

63.062.163.666.3

Jun 2015

62.861.862.866.1

Jul 2015

62.761.562.666.0

Aug 2015

62.661.762.565.6

Sep 2015

62.561.462.165.3

Oct 2015

62.661.561.965.7

Nov 2015

62.761.563.365.6

Dec 2015

62.861.663.265.5

Jan 2016

62.961.562.265.8

Feb 2016

63.061.563.266.1

Mar 2016

63.261.563.466.2

Apr 2016

63.061.163.665.7

May 2016

62.861.063.165.4

Jun 2016

62.861.463.465.7

Jul 2016

62.961.263.565.8

Aug 2016

62.961.963.366.1

Sep 2016

62.962.063.666.1

Oct 2016

62.861.863.865.7

Nov 2016

62.862.063.065.6

Dec 2016

62.762.062.865.8

Jan 2017

62.862.363.766.1

Feb 2017

62.962.363.866.5

Mar 2017

63.062.263.166.6

Apr 2017

62.962.563.466.2

May 2017

62.662.463.666.0

Jun 2017

62.862.063.766.0

Jul 2017

62.862.364.066.4

Aug 2017

62.862.264.465.9

Sep 2017

6362.664.566.4

Oct 2017

62.662.263.865.6

Nov 2017

62.762.363.165.6

Dec 2017

62.862.162.765.7

Note: People of Hispanic or Latino ethnicity can be of any race. Data for Asians from 2000 to 2002 are not seasonally adjusted.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Figure 12. Labor force participation rates, by gender and race and ethnicity, annual averages, 1992–2017
YearWhite menWhite womenBlack or African American menBlack or African American womenAsian menAsian womenHispanic menHispanic women

1992

76.557.770.758.580.752.8

1993

76.258.069.657.980.252.1

1994

75.958.969.158.779.252.9

1995

75.759.069.059.579.152.6

1996

75.859.168.760.479.653.4

1997

75.959.568.361.780.155.1

1998

75.659.469.062.879.855.6

1999

75.659.668.763.579.855.9

2000

75.559.569.263.176.159.281.557.5

2001

75.159.468.462.876.259.081.057.6

2002

74.859.368.461.875.959.180.257.6

2003

74.259.267.361.975.658.380.155.9

2004

74.158.966.761.575.057.680.456.1

2005

74.158.967.361.674.858.280.155.3

2006

74.359.067.061.775.058.380.756.1

2007

74.059.066.861.175.158.680.556.5

2008

73.759.266.761.375.359.480.256.2

2009

72.859.165.060.374.658.278.856.5

2010

72.058.565.059.973.257.077.856.5

2011

71.358.064.259.173.256.876.555.9

2012

71.057.463.659.872.256.576.156.6

2013

70.556.963.559.273.057.176.355.7

2014

69.856.763.659.272.455.876.156.0

2015

69.756.263.859.771.455.276.255.7

2016

69.856.364.159.472.155.576.055.8

2017

69.556.464.660.371.956.475.856.4

Note: People of Hispanic or Latino ethnicity can be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recovery, the labor force participation rates for White men and women continued to decline, but have leveled off in recent years. In 2017, 69.5 percent of White men and 56.4 percent of White women participated in the labor force. The participation rate for Black men edged down from 2010 to 2012 and held steady through 2014, but has trended up since, reaching 64.6 percent in 2017. The rate for Hispanic men, at 75.8 percent in 2017, has changed little since falling 1.3 percentage points between 2010 and 2011. Since 2010, the rate for Asian men has edged down to 71.9 percent in 2017. Finally, the 2017 rates for Asian (56.4 percent), Black (60.3 percent), and Hispanic (56.4 percent) women have changed little.

Although the overall labor force participation rate continued to fall during the recession and subsequent recovery, not all of this decline is directly attributable to the recession itself. Adding to the labor market stress caused by the recession, the oldest members of the baby-boom generation—typically defined as those born between 1946 and 1964—began to reach retirement age (62 years old, the age when Social Security benefits can first be drawn) in 2008. Since those 65 years and older participate in the labor force at a significantly lower rate than younger age groups, this demographic trend has naturally applied downward pressure on the participation rate. This is especially true for Whites—the oldest of the race and ethnicity groups, on average. Many economists have attempted to decompose the effects of aging and the recession on the decline in labor force participation. While exact estimates vary, most indicate that the aging of the U.S. population accounted for about half of the decline in labor force participation between 2007 and 2015.23

Employment

During and immediately after the recession, employment, as measured by the CPS, declined by 8.6 million. This decline drove down the employment–population ratio (the employed as a percentage of the civilian noninstitutional population) from 62.9 percent in November 2007 to 58.3 percent in December 2009. (See figure 13.) The 4.6-percentage-point drop was the largest decline in a 2-year span since the series began in 1948. During the early stages of the recovery, the employment–population ratio generally held steady, remaining in the 58.2- to 58.8-percent range. In 2014, the employment–population ratio began to recover. From 2014 to 2017, the ratio increased by about 1 percentage point, to 60.1 percent. However, the ratio remained about 3 percentage points below its prerecession level. This is partly the result of the aging and retirement of the baby-boom generation, the major factor placing downward pressure on the labor force participation rate.

Figure 13. Employment–population ratios, by gender, seasonally adjusted, 1992–2017
PeriodTotalMenWomen

Jan 1992

61.569.853.8

Feb 1992

61.369.653.7

Mar 1992

61.569.853.8

Apr 1992

61.670.053.9

May 1992

61.569.953.8

Jun 1992

61.569.953.7

Jul 1992

61.670.053.8

Aug 1992

61.670.053.8

Sep 1992

61.469.953.7

Oct 1992

61.369.753.6

Nov 1992

61.469.753.7

Dec 1992

61.469.853.7

Jan 1993

61.469.853.7

Feb 1993

61.469.953.7

Mar 1993

61.569.953.9

Apr 1993

61.569.853.8

May 1993

61.770.154.1

Jun 1993

61.870.154.1

Jul 1993

61.870.254.1

Aug 1993

62.070.354.3

Sep 1993

61.770.054.2

Oct 1993

61.870.054.3

Nov 1993

61.970.154.4

Dec 1993

62.070.154.6

Jan 1994

62.270.254.9

Feb 1994

62.370.155.1

Mar 1994

62.170.054.9

Apr 1994

62.370.155.1

May 1994

62.570.355.4

Jun 1994

62.370.255.1

Jul 1994

62.370.155.2

Aug 1994

62.670.555.3

Sep 1994

62.770.655.4

Oct 1994

62.970.855.5

Nov 1994

63.071.055.6

Dec 1994

63.171.355.5

Jan 1995

63.071.255.5

Feb 1995

63.171.355.6

Mar 1995

63.171.355.6

Apr 1995

63.171.155.7

May 1995

62.770.555.6

Jun 1995

62.770.855.3

Jul 1995

62.870.755.6

Aug 1995

62.870.655.7

Sep 1995

62.970.855.6

Oct 1995

62.970.755.8

Nov 1995

62.870.355.9

Dec 1995

62.770.455.6

Jan 1996

62.770.555.5

Feb 1996

62.970.755.7

Mar 1996

63.070.755.8

Apr 1996

63.070.755.9

May 1996

63.070.855.8

Jun 1996

63.271.055.9

Jul 1996

63.371.156.1

Aug 1996

63.371.156.2

Sep 1996

63.471.156.4

Oct 1996

63.571.356.4

Nov 1996

63.470.956.5

Dec 1996

63.471.156.4

Jan 1997

63.471.056.4

Feb 1997

63.471.056.3

Mar 1997

63.671.256.6

Apr 1997

63.771.356.7

May 1997

63.871.556.7

Jun 1997

63.771.356.8

Jul 1997

63.971.457.0

Aug 1997

63.971.457.0

Sep 1997

63.971.357.0

Oct 1997

63.971.457.0

Nov 1997

64.171.757.0

Dec 1997

64.071.457.2

Jan 1998

64.071.557.0

Feb 1998

64.071.557.0

Mar 1998

64.071.457.1

Apr 1998

64.171.857.0

May 1998

64.171.757.1

Jun 1998

64.071.657.0

Jul 1998

64.071.557.0

Aug 1998

63.971.457.1

Sep 1998

64.271.657.3

Oct 1998

64.171.657.1

Nov 1998

64.271.857.1

Dec 1998

64.371.757.4

Jan 1999

64.471.957.4

Feb 1999

64.271.757.3

Mar 1999

64.271.757.3

Apr 1999

64.271.657.3

May 1999

64.371.757.5

Jun 1999

64.271.657.4

Jul 1999

64.271.657.4

Aug 1999

64.271.557.5

Sep 1999

64.271.657.4

Oct 1999

64.371.557.6

Nov 1999

64.471.757.6

Dec 1999

64.471.857.6

Jan 2000

64.672.257.6

Feb 2000

64.672.257.5

Mar 2000

64.672.257.5

Apr 2000

64.772.158.0

May 2000

64.471.957.5

Jun 2000

64.572.057.5

Jul 2000

64.271.657.3

Aug 2000

64.271.957.1

Sep 2000

64.271.757.4

Oct 2000

64.271.657.4

Nov 2000

64.371.757.5

Dec 2000

64.471.757.6

Jan 2001

64.471.857.6

Feb 2001

64.371.657.5

Mar 2001

64.371.457.7

Apr 2001

64.071.357.2

May 2001

63.871.157.2

Jun 2001

63.770.957.0

Jul 2001

63.770.957.0

Aug 2001

63.270.456.6

Sep 2001

63.570.856.7

Oct 2001

63.270.356.6

Nov 2001

63.070.056.6

Dec 2001

62.970.056.3

Jan 2002

62.769.756.2

Feb 2002

63.069.956.6

Mar 2002

62.869.856.4

Apr 2002

62.769.856.2

May 2002

62.970.156.1

Jun 2002

62.769.856.2

Jul 2002

62.769.756.1

Aug 2002

62.769.756.3

Sep 2002

63.070.056.4

Oct 2002

62.769.756.3

Nov 2002

62.569.256.2

Dec 2002

62.469.156.2

Jan 2003

62.568.956.5

Feb 2003

62.569.256.2

Mar 2003

62.468.956.3

Apr 2003

62.469.056.3

May 2003

62.368.856.3

Jun 2003

62.368.756.4

Jul 2003

62.168.656.1

Aug 2003

62.168.656.0

Sep 2003

62.068.955.7

Oct 2003

62.168.955.9

Nov 2003

62.369.056.0

Dec 2003

62.269.255.7

Jan 2004

62.369.455.7

Feb 2004

62.369.156.0

Mar 2004

62.269.055.9

Apr 2004

62.369.056.0

May 2004

62.368.956.1

Jun 2004

62.469.256.0

Jul 2004

62.569.456.0

Aug 2004

62.469.356.0

Sep 2004

62.369.155.9

Oct 2004

62.369.255.9

Nov 2004

62.569.456.0

Dec 2004

62.469.256.1

Jan 2005

62.469.156.1

Feb 2005

62.469.256.0

Mar 2005

62.469.456.0

Apr 2005

62.769.656.2

May 2005

62.869.856.2

Jun 2005

62.769.856.1

Jul 2005

62.869.856.2

Aug 2005

62.969.956.4

Sep 2005

62.869.756.4

Oct 2005

62.869.756.4

Nov 2005

62.769.656.3

Dec 2005

62.869.756.3

Jan 2006

62.970.056.3

Feb 2006

63.070.056.4

Mar 2006

63.170.256.4

Apr 2006

63.070.056.4

May 2006

63.170.056.6

Jun 2006

63.170.056.7

Jul 2006

63.069.656.8

Aug 2006

63.169.956.8

Sep 2006

63.170.256.5

Oct 2006

63.370.256.8

Nov 2006

63.370.256.8

Dec 2006

63.470.456.9

Jan 2007

63.370.356.8

Feb 2007

63.370.156.8

Mar 2007

63.370.256.9

Apr 2007

63.070.056.3

May 2007

63.069.956.6

Jun 2007

63.069.856.7

Jul 2007

62.969.656.6

Aug 2007

62.769.456.5

Sep 2007

62.969.556.8

Oct 2007

62.769.356.5

Nov 2007

62.969.656.6

Dec 2007

62.769.456.5

Jan 2008

62.969.656.6

Feb 2008

62.869.556.5

Mar 2008

62.769.356.5

Apr 2008

62.769.256.6

May 2008

62.569.056.5

Jun 2008

62.468.856.4

Jul 2008

62.268.656.3

Aug 2008

62.068.356.1

Sep 2008

61.968.156.1

Oct 2008

61.767.856.1

Nov 2008

61.467.355.8

Dec 2008

61.066.755.6

Jan 2009

60.666.255.2

Feb 2009

60.365.755.2

Mar 2009

59.965.155.0

Apr 2009

59.865.054.9

May 2009

59.664.854.7

Jun 2009

59.464.654.5

Jul 2009

59.364.554.5

Aug 2009

59.164.254.3

Sep 2009

58.763.953.9

Oct 2009

58.563.753.7

Nov 2009

58.663.653.8

Dec 2009

58.363.353.5

Jan 2010

58.563.353.9

Feb 2010

58.563.453.8

Mar 2010

58.563.653.7

Apr 2010

58.764.053.7

May 2010

58.663.953.6

Jun 2010

58.563.853.6

Jul 2010

58.563.953.5

Aug 2010

58.663.953.5

Sep 2010

58.563.853.5

Oct 2010

58.363.653.3

Nov 2010

58.263.453.4

Dec 2010

58.363.653.3

Jan 2011

58.363.753.3

Feb 2011

58.463.853.2

Mar 2011

58.463.853.4

Apr 2011

58.463.753.3

May 2011

58.363.853.2

Jun 2011

58.263.753.0

Jul 2011

58.263.653.1

Aug 2011

58.363.953.1

Sep 2011

58.463.953.2

Oct 2011

58.463.953.3

Nov 2011

58.664.353.2

Dec 2011

58.664.453.1

Jan 2012

58.464.352.9

Feb 2012

58.564.353.1

Mar 2012

58.564.353.2

Apr 2012

58.464.353.0

May 2012

58.564.353.1

Jun 2012

58.664.453.2

Jul 2012

58.564.353.0

Aug 2012

58.464.153.1

Sep 2012

58.764.553.3

Oct 2012

58.864.753.3

Nov 2012

58.764.653.2

Dec 2012

58.764.653.2

Jan 2013

58.664.553.0

Feb 2013

58.664.553.0

Mar 2013

58.564.552.9

Apr 2013

58.664.453.2

May 2013

58.664.453.2

Jun 2013

58.664.553.2

Jul 2013

58.764.453.4

Aug 2013

58.764.353.5

Sep 2013

58.764.453.3

Oct 2013

58.364.052.9

Nov 2013

58.664.553.1

Dec 2013

58.764.553.2

Jan 2014

58.864.553.4

Feb 2014

58.764.353.6

Mar 2014

58.964.853.4

Apr 2014

58.964.653.5

May 2014

58.964.653.5

Jun 2014

59.064.953.5

Jul 2014

59.065.053.4

Aug 2014

59.065.053.4

Sep 2014

59.165.253.4

Oct 2014

59.365.353.7

Nov 2014

59.265.153.7

Dec 2014

59.365.353.6

Jan 2015

59.365.353.7

Feb 2015

59.365.353.6

Mar 2015

59.365.353.6

Apr 2015

59.365.553.6

May 2015

59.465.553.7

Jun 2015

59.465.353.8

Jul 2015

59.365.453.6

Aug 2015

59.465.453.8

Sep 2015

59.265.353.6

Oct 2015

59.365.353.8

Nov 2015

59.465.254.0

Dec 2015

59.665.554.1

Jan 2016

59.765.654.1

Feb 2016

59.865.954.1

Mar 2016

59.865.954.2

Apr 2016

59.765.854.0

May 2016

59.765.754.0

Jun 2016

59.765.853.9

Jul 2016

59.765.854.1

Aug 2016

59.865.854.1

Sep 2016

59.765.854.1

Oct 2016

59.765.754.2

Nov 2016

59.865.854.2

Dec 2016

59.865.754.2

Jan 2017

59.965.954.2

Feb 2017

60.066.054.4

Mar 2017

60.266.054.7

Apr 2017

60.266.254.5

May 2017

60.066.054.4

Jun 2017

60.166.054.6

Jul 2017

60.265.954.8

Aug 2017

60.165.954.7

Sep 2017

60.466.354.8

Oct 2017

60.266.154.6

Nov 2017

60.16654.6

Dec 2017

60.166.154.6

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recession, the employment–population ratio for men declined by 6.3 percentage points, down to 63.3 percent in December 2009, and the ratio for women declined by 3.1 percentage points, down to 53.5 percent. The larger decline among men partially reflected their long-term decline in labor force participation. During the recovery, the ratio for men started to trend up almost immediately. The ratio for women, on the other hand, continued to trend down until 2012, hovering around 53 percent, and did not begin to rebound until late 2013. During the recovery up to December 2017, the ratio for men had risen by almost 3 percentage points, while the ratio for women had risen by just under 2 percentage points. In December 2017, the employment–population ratio for men was 66.1 percent, while the ratio for women was 54.6 percent. Both measures remain significantly below their prerecession levels.

Figure 14 presents employment–population ratios by race and ethnicity. During the 2001–07 expansion, the ratios for Whites, Asians, and Hispanics tracked each other closely, while the ratio for Blacks was significantly lower. Looking at these measures by gender reveals that Hispanic men had the highest employment–population ratio before the recession, while their female counterparts had the lowest ratio. (See table 3.) The low employment–population ratio before the recession among Blacks overall was driven by the relatively low ratio for Black men compared with men of other races. Black women, on the other hand, had an employment–population ratio similar to the ratios of White and Asian women.

Figure 14. Employment–population ratios, by race and ethnicity, seasonally adjusted, 1992–2017
PeriodWhiteBlack or African AmericanAsianHispanic or Latino ethnicity

Jan 1992

62.454.959.4

Feb 1992

62.354.559.3

Mar 1992

62.454.659.5

Apr 1992

62.654.559.4

May 1992

62.454.659.2

Jun 1992

62.355.159.0

Jul 1992

62.555.259.1

Aug 1992

62.455.659.0

Sep 1992

62.355.358.9

Oct 1992

62.354.858.8

Nov 1992

62.354.758.5

Dec 1992

62.454.459.0

Jan 1993

62.454.259.1

Feb 1993

62.455.358.9

Mar 1993

62.554.458.9

Apr 1993

62.554.158.7

May 1993

62.755.159.1

Jun 1993

62.854.759.1

Jul 1993

62.855.258.9

Aug 1993

62.955.559.3

Sep 1993

62.855.259.2

Oct 1993

62.855.359.0

Nov 1993

63.055.359.3

Dec 1993

63.055.559.4

Jan 1994

63.255.058.8

Feb 1994

63.355.459.3

Mar 1994

63.155.859.6

Apr 1994

63.356.059.1

May 1994

63.656.060.1

Jun 1994

63.356.459.1

Jul 1994

63.456.259.3

Aug 1994

63.756.059.2

Sep 1994

63.756.459.1

Oct 1994

63.956.660.2

Nov 1994

64.056.660.8

Dec 1994

64.156.859.7

Jan 1995

63.956.958.9

Feb 1995

64.057.859.5

Mar 1995

63.957.759.6

Apr 1995

63.957.460.0

May 1995

63.657.359.4

Jun 1995

63.756.860.0

Jul 1995

63.956.360.3

Aug 1995

63.856.359.7

Sep 1995

63.956.460.4

Oct 1995

63.957.360.1

Nov 1995

63.658.159.5

Dec 1995

63.657.359.5

Jan 1996

63.557.259.7

Feb 1996

63.956.959.9

Mar 1996

63.957.059.5

Apr 1996

63.857.059.3

May 1996

63.957.659.4

Jun 1996

64.157.259.9

Jul 1996

64.157.660.2

Aug 1996

64.157.960.9

Sep 1996

64.357.261.3

Oct 1996

64.557.661.9

Nov 1996

64.357.662.5

Dec 1996

64.357.662.5

Jan 1997

64.357.562.7

Feb 1997

64.357.562.2

Mar 1997

64.557.762.0

Apr 1997

64.657.861.5

May 1997

64.757.762.5

Jun 1997

64.757.562.8

Jul 1997

64.758.562.9

Aug 1997

64.759.663.4

Sep 1997

64.659.162.7

Oct 1997

64.758.562.7

Nov 1997

64.958.663.3

Dec 1997

64.858.562.9

Jan 1998

64.759.062.7

Feb 1998

64.759.163.0

Mar 1998

64.659.663.5

Apr 1998

64.759.563.6

May 1998

64.859.063.9

Jun 1998

64.660.163.2

Jul 1998

64.659.662.9

Aug 1998

64.659.762.7

Sep 1998

64.859.663.3

Oct 1998

64.760.563.0

Nov 1998

64.860.362.8

Dec 1998

64.860.662.5

Jan 1999

64.861.163.3

Feb 1999

64.960.263.3

Mar 1999

64.960.363.9

Apr 1999

64.760.562.8

May 1999

64.860.863.0

Jun 1999

64.860.763.2

Jul 1999

64.860.363.2

Aug 1999

64.860.763.5

Sep 1999

64.860.763.1

Oct 1999

64.960.663.3

Nov 1999

65.060.663.8

Dec 1999

65.160.664.1

Jan 2000

65.260.063.066.3

Feb 2000

65.160.163.666.0

Mar 2000

65.159.963.865.8

Apr 2000

65.361.464.566.0

May 2000

64.960.865.565.7

Jun 2000

65.060.665.465.9

Jul 2000

64.760.465.064.9

Aug 2000

64.860.365.465.2

Sep 2000

64.760.264.765.7

Oct 2000

64.760.665.665.8

Nov 2000

64.760.965.565.6

Dec 2000

64.960.765.165.9

Jan 2001

65.060.664.965.9

Feb 2001

64.960.665.565.8

Mar 2001

64.960.565.566.0

Apr 2001

64.560.265.465.5

May 2001

64.360.264.465.0

Jun 2001

64.259.963.464.1

Jul 2001

64.260.164.764.8

Aug 2001

63.959.363.064.7

Sep 2001

64.059.463.664.5

Oct 2001

63.858.763.564.7

Nov 2001

63.758.363.764.1

Dec 2001

63.658.662.864.0

Jan 2002

63.358.662.264.0

Feb 2002

63.758.663.164.6

Mar 2002

63.658.163.163.9

Apr 2002

63.458.362.863.9

May 2002

63.558.662.664.1

Jun 2002

63.457.962.663.9

Jul 2002

63.457.863.664.2

Aug 2002

63.558.063.563.9

Sep 2002

63.558.764.464.1

Oct 2002

63.458.363.863.4

Nov 2002

63.257.363.363.5

Dec 2002

63.057.563.363.2

Jan 2003

63.257.863.663.9

Feb 2003

63.257.662.764.1

Mar 2003

63.257.562.163.5

Apr 2003

63.257.662.663.7

May 2003

63.057.862.762.7

Jun 2003

63.057.361.862.7

Jul 2003

62.957.361.962.2

Aug 2003

62.857.362.362.5

Sep 2003

62.757.362.162.8

Oct 2003

63.056.862.362.6

Nov 2003

63.057.562.162.7

Dec 2003

62.956.963.163.2

Jan 2004

63.057.663.363.4

Feb 2004

63.057.463.463.0

Mar 2004

62.957.563.263.7

Apr 2004

63.057.363.163.6

May 2004

63.156.862.564.1

Jun 2004

63.156.862.064.2

Jul 2004

63.357.162.464.2

Aug 2004

63.257.262.664.1

Sep 2004

63.057.263.163.9

Oct 2004

63.157.363.063.9

Nov 2004

63.257.263.963.7

Dec 2004

63.257.063.263.7

Jan 2005

63.256.963.563.5

Feb 2005

63.256.663.363.8

Mar 2005

63.257.063.164.2

Apr 2005

63.457.563.163.7

May 2005

63.558.063.064.1

Jun 2005

63.358.162.964.1

Jul 2005

63.558.663.264.1

Aug 2005

63.658.363.664.1

Sep 2005

63.458.263.463.5

Oct 2005

63.458.664.864.0

Nov 2005

63.457.563.964.1

Dec 2005

63.557.763.564.3

Jan 2006

63.757.863.865.2

Feb 2006

63.758.364.465.3

Mar 2006

63.758.564.365.3

Apr 2006

63.758.263.965.1

May 2006

63.758.663.665.3

Jun 2006

63.858.163.865.5

Jul 2006

63.857.964.164.9

Aug 2006

63.858.563.664.6

Sep 2006

63.757.965.164.3

Oct 2006

63.958.765.165.3

Nov 2006

63.958.864.565.2

Dec 2006

64.159.264.765.8

Jan 2007

63.959.464.465.5

Feb 2007

63.959.064.265.3

Mar 2007

64.058.564.165.5

Apr 2007

63.658.463.865.1

May 2007

63.758.264.364.7

Jun 2007

63.758.164.664.7

Jul 2007

63.558.864.964.7

Aug 2007

63.358.764.865.3

Sep 2007

63.558.463.664.8

Oct 2007

63.557.963.964.7

Nov 2007

63.657.865.064.7

Dec 2007

63.557.864.264.3

Jan 2008

63.658.265.264.3

Feb 2008

63.458.365.064.4

Mar 2008

63.358.164.863.9

Apr 2008

63.258.465.663.9

May 2008

63.257.664.564.3

Jun 2008

63.157.664.163.6

Jul 2008

63.057.464.763.3

Aug 2008

62.757.564.363.3

Sep 2008

62.656.564.163.0

Oct 2008

62.556.364.162.2

Nov 2008

62.155.863.061.9

Dec 2008

61.755.862.861.6

Jan 2009

61.455.261.561.1

Feb 2009

61.254.361.560.5

Mar 2009

60.753.861.460.3

Apr 2009

60.753.661.860.7

May 2009

60.553.461.659.7

Jun 2009

60.353.361.459.6

Jul 2009

60.253.561.859.9

Aug 2009

60.052.961.358.9

Sep 2009

59.652.360.959.2

Oct 2009

59.552.060.658.9

Nov 2009

59.452.360.559.3

Dec 2009

59.252.059.958.6

Jan 2010

59.652.058.959.3

Feb 2010

59.552.159.059.5

Mar 2010

59.552.059.559.3

Apr 2010

59.752.361.159.1

May 2010

59.653.059.959.3

Jun 2010

59.552.560.058.9

Jul 2010

59.552.359.859.3

Aug 2010

59.652.360.259.3

Sep 2010

59.551.959.959.3

Oct 2010

59.252.360.558.6

Nov 2010

59.052.459.858.4

Dec 2010

59.252.459.758.3

Jan 2011

59.451.960.558.9

Feb 2011

59.351.960.458.3

Mar 2011

59.551.660.558.7

Apr 2011

59.551.360.058.6

May 2011

59.551.160.358.3

Jun 2011

59.351.260.258.6

Jul 2011

59.351.059.558.7

Aug 2011

59.451.559.259.2

Sep 2011

59.452.359.259.2

Oct 2011

59.352.560.159.4

Nov 2011

59.551.860.159.1

Dec 2011

59.552.360.259.4

Jan 2012

59.452.859.959.2

Feb 2012

59.553.059.059.5

Mar 2012

59.453.259.259.3

Apr 2012

59.353.259.159.6

May 2012

59.453.060.059.7

Jun 2012

59.453.160.359.6

Jul 2012

59.252.860.759.7

Aug 2012

59.252.959.959.4

Sep 2012

59.552.960.959.8

Oct 2012

59.653.460.459.7

Nov 2012

59.553.260.759.2

Dec 2012

59.552.761.359.5

Jan 2013

59.453.360.859.8

Feb 2013

59.353.260.959.8

Mar 2013

59.353.361.059.3

Apr 2013

59.453.360.659.8

May 2013

59.453.560.860.5

Jun 2013

59.452.962.260.3

Jul 2013

59.553.561.060.4

Aug 2013

59.453.061.460.2

Sep 2013

59.453.361.860.0

Oct 2013

59.152.860.859.7

Nov 2013

59.453.061.360.2

Dec 2013

59.553.161.860.0

Jan 2014

59.653.360.960.5

Feb 2014

59.653.760.160.6

Mar 2014

59.653.960.860.9

Apr 2014

59.753.959.860.9

May 2014

59.753.960.160.7

Jun 2014

59.754.459.961.2

Jul 2014

59.754.560.260.9

Aug 2014

59.754.160.961.1

Sep 2014

59.854.860.661.5

Oct 2014

60.054.860.661.9

Nov 2014

59.954.760.261.9

Dec 2014

59.954.960.661.9

Jan 2015

60.154.760.162.1

Feb 2015

60.054.860.661.7

Mar 2015

59.955.060.561.7

Apr 2015

59.856.160.561.8

May 2015

60.055.861.061.8

Jun 2015

59.955.960.461.7

Jul 2015

59.955.960.261.4

Aug 2015

59.955.960.461.3

Sep 2015

59.855.859.961.3

Oct 2015

59.956.059.761.5

Nov 2015

59.955.860.861.4

Dec 2015

60.056.460.561.5

Jan 2016

60.256.160.062.0

Feb 2016

60.456.260.862.5

Mar 2016

60.456.060.862.5

Apr 2016

60.355.761.361.7

May 2016

60.256.060.561.7

Jun 2016

60.156.061.161.9

Jul 2016

60.256.161.162.2

Aug 2016

60.157.060.762.4

Sep 2016

60.156.861.161.9

Oct 2016

60.156.661.661.9

Nov 2016

60.157.161.061.9

Dec 2016

60.057.061.061.9

Jan 2017

60.157.561.362.2

Feb 2017

60.357.361.662.8

Mar 2017

60.557.361.063.2

Apr 2017

60.557.561.462.7

May 2017

60.357.761.362.6

Jun 2017

60.457.661.462.8

Jul 2017

60.557.761.663.0

Aug 2017

60.457.561.962.5

Sep 2017

60.658.362.263

Oct 2017

60.457.661.862.4

Nov 2017

60.457.861.262.5

Dec 2017

60.457.961.162.5

Note: People of Hispanic or Latino ethnicity can be of any race. Data for Asians from 2000 to 2002 are not seasonally adjusted.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Table 3. Employment–population ratios, by age, gender, and race and ethnicity, annual averages, 1997–2017
Characteristics1997200720102017Change,1997–2007Change, 2007–10Change, 2010–17

Total, 16 years and over

63.863.058.560.1-0.8-4.51.6

Men

71.369.863.766.0-1.5-6.12.3

Women

56.856.653.654.6-0.2-3.01.0

White, 16 years and over

64.663.659.460.4-1.0-4.21.0

Men

72.770.965.166.9-1.8-5.81.8

Women

57.056.754.054.2-0.3-2.70.2

Black or African American, 16 years and over

58.258.452.357.60.2-6.15.3

Men

61.460.753.159.4-0.7-7.66.3

Women

55.656.551.756.10.9-4.84.4

Asian, 16 years and over

64.359.961.5-4.41.6

Men

72.867.569.5-5.32.0

Women

56.653.054.5-3.61.5

Hispanic or Latino ethnicity, 16 years and over

62.664.959.062.72.3-5.93.7

Men

74.576.268.072.31.7-8.24.3

Women

50.253.049.653.22.8-3.43.6

Note: People of Hispanic or Latino ethnicity can be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recession, employment declined sharply for all major race and ethnicity groups, but the decline was most pronounced among Blacks. The employment–population ratio for Blacks declined by almost 7 percentage points during and after the recession. At the low point in July 2011, only about half (51.0 percent) of Blacks were employed. Consistent with historical patterns, Black men fared worse than did men of other race and ethnicity groups. In fact, from 2009 to 2011, their employment–population ratio fell below the ratio for White women and was level with the ratio for Asian women. The ratio for Black women trended similarly to the ratios for women of other race and ethnicity groups.

The ratios for major race and ethnicity groups held fairly steady for the first 2 years of the recovery, but have started to rebound in recent years. From 2012 onward, the ratios generally trended up, with Blacks seeing the largest increase. By December 2017, the employment–population ratio for Blacks was 57.9 percent, virtually returning to its prerecession level. The employment–population ratios of Whites (60.4 percent), Asians (61.1 percent), and Hispanics (62.5 percent), however, all remained well below their prerecession levels.

Employment by occupation

The recession certainly provided a negative employment shock to some occupations within the economy; however, there were differences across the major occupational groups. Since 2000, employment in management, professional, and related occupations and in service occupations has increased, seeing slower growth but no decline during the recession. In the remaining occupational groups, however, employment was essentially flat between 2000 and 2007, fell sharply during the recession, and had not returned to its 2007 level by 2017. (See table 4 and figure 15.)

Table 4. Employment, by major occupational group, annual averages, 2000–17 (numbers in thousands)
Occupational group2000200720102017Percent change, 2000–07Percent change, 2007–10Percent change, 2010–17Percent change, 2000–17

Total, 16 years and over

136,891146,047139,064153,3376.7-4.810.312.0

Management, professional, and related occupations

46,30151,78851,74360,90111.9-0.117.731.5

Service occupations

20,77724,13724,63426,75116.22.18.628.8

Sales and office occupations

36,16936,21233,43333,5660.1-7.70.4-7.2

Natural resources, construction, and maintenance occupations

13,60715,74013,07314,19315.7-16.98.64.3

Production, transportation, and material moving occupations

20,03718,17116,18017,927-9.3-11.010.8-10.5

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Figure 15. Percent change in employment, by major occupational group, annual averages, 2000–17
Occupational group2000–072007–102010–17

Total, 16 years and over

6.7-4.810.3

Management, professional, and related occupations

11.9-0.117.7

Service occupations

16.22.18.6

Sales and office occupations

0.1-7.70.4

Natural resources, construction, and maintenance occupations

15.7-16.98.6

Production, transportation, and material moving occupations

-9.3-11.010.8

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

During the recession, employment fell in natural resources, construction, and maintenance occupations (−16.9 percent); production, transportation, and material moving occupations (−11.0 percent); and sales and office occupations (−7.7 percent). These occupations often see declines during economic downturns. On the other hand, employment in management, professional, and related occupations was essentially unchanged (−0.1 percent) from 2007 to 2010, and employment in service occupations rose by 2.1 percent. As a result, the share of employment in management, professional, and related occupations increased from 35.5 percent in 2007 to 37.2 percent in 2010, while the share employment in service occupations rose from 16.5 percent to 17.8 percent over the same period.

During the expansion, employment growth in management, professional, and related occupations and in service occupations has outpaced growth in other occupations. (Data for 2017 are not strictly comparable to data for 2010 because of a change to the occupational classification system.) Employment in management, professional, and related occupations rose by 17.7 percent from 2010 to 2017, and the number of people working in service occupations grew by 8.6 percent. Employment levels for these two occupational groups are well above their prerecession values and have both grown by close to 30 percent since 2000. In 2017, 39.7 percent of the employed worked in management, professional, and related occupations, and 17.4 percent worked in service occupations. From 2010 to 2017, employment changed little in sales and office occupations (0.4 percent) and grew modestly in production, transportation, and material moving occupations (10.8 percent) and in natural resources, construction, and maintenance occupations (8.6 percent). None of these three occupational groups has returned to its prerecession employment high.

Differences in the occupational distribution of employment among major race and ethnicity groups have also been consistent during the recovery. (See table 5.) While the shares of total employment in management, professional, and related occupations have increased for all the major race and ethnicity groups, the share for Asians, at 52.0 percent in 2017, continue to be the highest, followed by the shares for Whites (40.6 percent), Blacks (30.8 percent), and Hispanics (22.5 percent). In addition, in 2017, employed Hispanics (24.8 percent) and Blacks (24.2 percent) remained significantly more likely than Asians (16.8 percent) and Whites (16.2 percent) to be employed in service occupations. However, these differences may, in part, reflect gaps in educational attainment across race and ethnicity groups. Compared with Blacks and Hispanics, Asians and Whites are significantly more likely to be college graduates, and college graduates, in turn, are more likely to be employed in management, professional, and related occupations.

Table 5. Percentage of people employed in management, professional, and related occupations and in service occupations, by race and ethnicity, annual averages, 2000–17
Occupation, race, and ethnicity2000200720102017

Management, professional, and related occupations

Total, 16 years and over

33.835.537.239.7

White

34.636.137.940.6

Black or African American

25.327.129.130.8

Asian

42.548.147.052.0

Hispanic or Latino ethnicity

16.017.818.922.5

Service occupations

Total, 16 years and over

15.216.517.717.4

White

14.215.516.616.2

Black or African American

22.723.325.124.2

Asian

14.516.018.016.8

Hispanic or Latino ethnicity

22.424.126.424.8

Note: People of Hispanic or Latino ethnicity may be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Earnings

Another way to use CPS data in gauging the labor market recovery is to study how much workers earn.24 Table 6 presents data on real median weekly earnings of full-time wage and salary workers.25 Median earnings represent the midpoint of the distribution, where 50 percent of full-time wage and salary workers earn more in a typical week, and 50 percent earn less. Earnings data from the CPS are most useful for analyzing differences across demographic groups.26 Note, however, that these comparisons are on a broad level and do not control for many factors that may be important in explaining earnings differences. Generally, differences in earnings between men and women, and between the major race and ethnicity groups, held steady during the recession and recovery.

Table 6. Real median weekly earnings of full-time wage and salary workers, by gender, major occupational group, and race and ethnicity, annual averages, 2000–17 (2017 dollars)
Characteristics2000200720102017Percent change, 2000–07Percent change, 2007–10Percent change, 2010–17Percent change, 2000–17

Total, 16 years and over

$820$822$840$8600.22.22.44.9

Men

912906926941-0.72.21.63.2

Women

7027267527703.43.62.49.7

White

8408468608900.71.73.56.0

Black or African American

675673687682-0.32.1-0.71.0

Asian

8759819611,04312.1-2.08.519.2

Hispanic or Latino ethnicity

5685956016554.81.09.015.3

Management, professional, and related occupations

1,1531,1771,1951,2242.11.52.46.2

Service occupations

5205375385443.30.21.14.6

Sales and office occupations

7007077097181.00.31.32.6

Natural resources, construction, and maintenance occupations

828792808801-4.32.0-0.9-3.3

Production, transportation, and material moving occupations

6766826736920.9-1.32.82.4

Note: Real median earnings are adjusted for inflation with the use of the Consumer Price Index for All Urban Consumers. People of Hispanic or Latino ethnicity may be of any race.

Source: U.S. Bureau of Labor Statistics, Current Population Survey and Consumer Price Indexes.

During the recession, real median weekly earnings increased by 2.2 percent, from $822 in 2007 to $840 in 2010, after changing little, on net, over the previous 7 years. The increase during the recession may reflect, in part, the fact that many workers receiving lower pay were laid off or had their hours cut back.27 From 2010 to 2017, real earnings edged up by only 2.4 percent, to $860 in 2017. While earnings grew at a slightly higher rate among women than among men during the expansion, the increase was modest for both groups. Over the 7-year period, earnings for women increased by 2.4 percent, to $770 in 2017, and earnings for men increased by 1.6 percent, to $941 in 2017. Throughout the recession and recovery, the female-to-male earnings ratio remained in the 80- to 83-percent range.28

Differences in real earnings across the major race and ethnicity groups have also persisted throughout the recession and recovery. Since 2007, the Black-to-White earnings ratio has generally held steady, at about 79 percent, exhibiting a slight downward trend in recent years. At the same time, the Hispanic-to-White earnings ratio continued its slow upward trend, reaching about 74 percent in 2017. Finally, earnings for Asians in 2017 remained between 10 and 20 percent higher than those for Whites, as has been the case over the past decade.

Real median weekly earnings varied by major occupational group during the recession and recovery. In addition to seeing strong employment growth, management, professional, and related occupations had real earnings growth of 1.5 percent from 2007 to 2010 and 2.4 percent from 2010 to 2017. This was the only major occupational group with substantive positive change in earnings during both the recession and the recovery. Real median weekly earnings for the other four major occupational groups have edged up by only about $10 over the past decade. In 2017, earnings for workers in service occupations ($544) continued to be significantly lower than earnings for workers in sales and office occupations ($718); natural resources, construction, and maintenance occupations ($801); and production, transportation, and material moving occupations ($692).

Summary

Data from the CPS show that the U.S. labor market has improved substantially since the end of the Great Recession. By December 2017, unemployment rates had returned to prerecession levels for people of all ages, genders, major race and ethnicity groups, and levels of educational attainment. Other measures of labor underutilization had also improved, and employment–population ratios had begun to rebound. Many long-term trends in the labor market continued during the recovery. Labor force participation was mostly flat, driven in part by the aging of the population. Employment continued to grow both in management, professional, and related occupations and in service occupations—the highest and lowest paid occupational groups, respectively, in 2017. Stark differences in unemployment, employment, and earnings remained across major race and ethnicity groups and across educational attainment groups. Finally, some labor market indicators had not returned to their prerecession levels by the end of 2017. Involuntary part-time employment remained elevated, as did long-term unemployment.

Suggested citation:

Evan Cunningham, "Great Recession, great recovery? Trends from the Current Population Survey,"Monthly Labor Review, U.S. Bureau of Labor Statistics, April 2018,https://doi.org/10.21916/mlr.2018.10

Notes

1 Recession start and end dates are designated by the National Bureau of Economic Research (NBER). The NBER defines a recession as a “significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” See “U.S. business cycle expansions and contractions” (Cambridge, MA: National Bureau of Economic Research, September 2010),http://www.nber.org/cycles.html.

2 The Current Population Survey (CPS) is a monthly national sample survey conducted by the U.S. Bureau of Labor Statistics and the U.S. Census Bureau. The survey, best known as the source of the official unemployment rate, measures the extent of employment and unemployment among the U.S. civilian noninstitutional population 16 years and over. For more information on the CPS, seehttps://www.bls.gov/cps.

3 See “U.S. business cycle expansions and contractions.”

4 In the 1970s, the unemployment rate for women was higher than that for men.

5 This gap was the smallest since unemployment-rate data were first collected for Hispanics in 1973.

6 July is typically the summertime peak in youth employment. SeeEmployment and unemployment among youth—summer 2017, USDL-17-1128 (U.S. Department of Labor, August 16, 2017),https://www.bls.gov/news.release/pdf/youth.pdf.

7 Note that CPS estimates of unemployment duration do not represent “spells” of unemployment or a completed period of job search. The data do not measure how many weeks an unemployed person took to find employment or leave the labor force. The measure represents the ongoing number of weeks individuals had been unemployed at the time they were surveyed. For more information, see Randy Ilg and Eleni Theodossiou, “Job search of the unemployed by duration of unemployment,”Monthly Labor Review, March 2012,https://www.bls.gov/opub/mlr/2012/03/art3full.pdf; and Karen Kosanovich and Eleni Theodossiou Sherman, “Trends in long-term unemployment,”Spotlight on Statistics, March 2015,https://www.bls.gov/spotlight/2015/long-term-unemployment/.

8 According to data from the BLS Job Openings and Labor Turnover Survey, in 2010, the job openings rate and the hiring rate ranged between 2.9 percent and 3.3 percent, with no clear trend. The rate of layoffs and discharges, on the other hand, declined from a peak of 1.9 percent in the first quarter of 2009 to 1.4 percent in the first quarter of 2010. Seehttps://data.bls.gov/timeseries/JTS00000000JOR,https://data.bls.gov/timeseries/JTS00000000HIR, andhttps://data.bls.gov/timeseries/JTS00000000LDR.

9 Using research series from the CPS, Ilg and Theodossiou (“Job search of the unemployed,” table 2, p. 44) find that despite accounting for over 40 percent of the unemployed, only 27 percent of the unemployed who found jobs in 2011 had been looking for work for 27 weeks or more. See also James D. Eubanks and David Wiczer, “Duration dependence and composition in unemployment spells,” Federal Reserve Bank of St. Louis Review, vol. 98, no. 4 (Federal Reserve Bank of St. Louis, December 2016),https://files.stlouisfed.org/files/htdocs/publications/review/2016-12-05/duration-dependence-and-composition-in-unemployment-spells.pdf.

10 In the aftermath of the recession, the increase in long-term unemployment was so severe that, effective with data for January 2011, the CPS was modified to allow respondents to report longer durations of joblessness. For more information, see “Changes to data collected on unemployment duration” (U.S. Bureau of Labor Statistics),https://www.bls.gov/cps/duration.htm.

11 For discussion of the development of these measures, see Steven E. Haugen, “Measures of labor underutilization from the Current Population Survey,” Working Paper 424 (U.S. Bureau of Labor Statistics, March 2009),https://www.bls.gov/osmr/research-papers/2009/pdf/ec090020.pdf. For analysis of recent trends, see Vernon Brundage, “Trends in unemployment and other labor market difficulties,”Beyond the Numbers, vol. 3, no. 25, November 2014,https://www.bls.gov/opub/btn/volume-3/trends-in-unemployment-and-other-labor-market-difficulties.htm.

12 People marginally attached to the labor force are those who are not in the labor force, want and are available for a job, and have looked for work sometime in the past 12 months (or since the end of their last job if they held one within the past 12 months), but who are not currently looking for a job. Discouraged workers—a subset of the marginally attached—are those not currently looking for work because they believe that (1) no work is available in their line of work or area, (2) they could not find any work, (3) they lack the necessary school, training, skills, or experience, (4) employers think they are too young or too old, or (5) they would encounter hiring discrimination.

14 People do not participate in the labor force for a variety of reasons, including (but not limited to) retirement, school attendance, disability, or taking care of their families.

15 A very small number of people are employed part time for economic reasons because of a seasonal decline in demand or because their job started or ended during the week.

16 Data on involuntary part-time employment before 1994 are not directly comparable because of the major CPS redesign in that year. Research has indicated that involuntary part-time employment was overestimated by 25 percent before the 1994 redesign. The present analysis adjusts for this overestimation by multiplying the involuntary part-time employment level by 0.8. See Anne E. Polivka and Steven M. Miller, “The CPS after the redesign: refocusing the economic lens” (U.S. Bureau of Labor Statistics, March 1995),https://www.bls.gov/osmr/research-papers/1995/pdf/ec950090.pdf.

17 An example of slack work or business conditions is a situation in which a manager of a restaurant, expecting fewer customers, tells his or her wait staff to work fewer hours in the reference week. For additional analysis of part-time employment for economic reasons during the recession, see Emy Sok, “Involuntary part-time work on the rise,”Issues in Labor Statistics, Summary 08-08 (U.S. Bureau of Labor Statistics, December 2008),https://www.bls.gov/opub/ils/pdf/opbils71.pdf.

18 Estimates are from the CPS School Enrollment supplement, conducted annually in October. For more information, seeCollege enrollment and work activity of 2016 high school graduates, USDL-17-0477 (U.S. Department of Labor, April 27, 2017),https://www.bls.gov/news.release/pdf/hsgec.pdf. Research suggests that the increase in school enrollment from 2007 to 2009 reflected both the continuation of a long-term trend and the tendency of enrollment to increase during economic downturns. For an in-depth discussion, see Lisa Barrow and Jonathan Davis, “The upside of down: postsecondary enrollment in the Great Recession,”Economic Perspectives, vol. 36 (Federal Reserve Bank of Chicago, fourth quarter 2012),https://www.chicagofed.org/publications/economic-perspectives/2012/4q-barrow-davis.

19 See Teresa L. Morisi, “Teen labor force participation before and after the Great Recession and beyond,”Monthly Labor Review, February 2017,https://doi.org/10.21916/mlr.2017.5.

20 Monthly seasonally adjusted data from the CPS show that the prime-working-age labor force participation rate has been on an upward trend since September 2015. Seehttps://data.bls.gov/timeseries/LNS11300060.

21 Monthly seasonally adjusted data from the CPS show that the labor force participation rate for those 55 years and over increased from 38.9 percent in November 2007 to 40.0 percent in July 2009. Seehttps://data.bls.gov/timeseries/LNS11324230.

22 See Diane W. Schanzenbach, Ryan Nunn, and Lauren Bauer, “The changing landscape of American life expectancy” (Washington, DC: The Hamilton Project, June 2016),http://www.hamiltonproject.org/assets/files/changing_landscape_american_life_expectancy.pdf; Gary Burtless, “Can educational attainment explain the rise in labor force participation at older ages?” Issue in Brief 13-13 (Center for Retirement Research at Boston College, September 2013),http://crr.bc.edu/wp-content/uploads/2013/09/IB_13-13-508x.pdf; Michael V. Leonesio, Benjamin Bridges, Robert Gesumaria, and Linda Del Bene, “The increasing labor force participation of older workers and its effect on the income of the aged,”Social Security Bulletin, vol. 72, no. 1 (U.S. Social Security Administration, 2012),https://www.ssa.gov/policy/docs/ssb/v72n1/v72n1p59.html; and Frank W. Heiland and Zhe Li, “Changes in labor force participation of older Americans and their pension structures: a policy perspective,” Working Paper 2012-18 (Center for Retirement Research at Boston College, August 2012),http://crr.bc.edu/wp-content/uploads/2012/07/wp_2012-18-508.pdf. For a schedule of changes to the Social Security full retirement age, seehttps://www.ssa.gov/planners/retire/retirechart.html.

23 For a summary of academic research on the decline in labor force participation, seeThe labor force participation rate since 2007: causes and policy implications (U.S. Council of Economic Advisers, July 2014),https://obamawhitehouse.archives.gov/sites/default/files/docs/labor_force_participation_report.pdf.

24 In this article, the term “earnings” refers to median usual weekly earnings of full-time wage and salary workers. The CPS data represent earnings before taxes and other deductions, and include any overtime pay, commissions, or tips typically received. In the case of multiple jobholders, only earnings received at their main job are included. Earnings reported on a nonweekly basis are converted to a weekly equivalent. The term “usual” is defined by the respondent, but if asked, interviewers are instructed to define the term as more than half the weeks worked during the past 4 or 5 months. Wage and salary workers are defined as those who receive wages, salaries, commissions, tips, payment in kind, or piece rates. This definition includes both public and private sector employees, but excludes all self-employed people, regardless of whether their business is incorporated or unincorporated. Finally, full-time workers are those who usually work 35 hours or more per week at their main job.

25 Median earnings data have been adjusted for inflation with the use of the Consumer Price Index for All Urban Consumers (not seasonally adjusted). Seehttps://data.bls.gov/timeseries/CUUR0000SA0?output_view=pct_1mth.

26 Data on median weekly earnings of full-time wage and salary workers from the CPS are distinct from data on average hourly earnings from the Current Employment Statistics (CES) survey. CES real-earnings data are derived from a survey of approximately 147,000 businesses and government agencies reporting information on their payroll records to BLS. For more information, seehttps://www.bls.gov/ces/home.htm.

27 In a recent article, Mary Daly and Bart Hobijn write that “about two-thirds (63.9 percent) of full-time workers who exit to unemployment were earning below median wages…. This means that in general when unemployment rises, it disproportionately pulls out workers making below median earnings…this serves to increase the aggregate median wage.” They also find that “when exits from full-time employment to part-time employment/self-employment and not-in-the-labor-force increase, the aggregate median wage tends to rise.” The authors’ article also formally decomposes the contributions of these components on real wage growth during the Great Recession. See Mary C. Daly and Bart Hobijn, “The intensive and extensive margins of real wage adjustment,” Working Paper 2016-04 (Federal Reserve Bank of San Francisco, March 2016),http://www.frbsf.org/economic-research/files/wp2016-04.pdf.