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How Many Workers Are Truly “Missing” from the Labor Force?

Author

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  • Didem Tuzemen

Abstract

As of March 2022, the U.S. labor force participation rate remained one percentage point below its pre-pandemic level. After accounting for the effects of slower population growth and the aging of the population in the past two years, I estimate that around 2 million workers are missing from the labor force. Individuals age 65 and older, whose participation rates remain persistently below pre-pandemic levels, constitute most of the missing labor force.

Suggested Citation

  • Didem Tuzemen, 2022. "How Many Workers Are Truly “Missing” from the Labor Force?," Economic Bulletin, Federal Reserve Bank of Kansas City, issue May 6, 20, pages 1-4, May.
    • Handle: RePEc:fip:fedkeb:94190
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    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/8788/EconomicBulletin22Tuzemen0506.pdf
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    References listed on IDEAS

    as
    1. Thao Tran & Didem Tuzemen, 2019. "Women Are Driving the Recent Recovery in Prime-Age Labor Force Participation," Economic Bulletin, Federal Reserve Bank of Kansas City, issue Dec 18, 2, pages 1-4, December.
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    Cited by:

    1. Miguel Faria-e-Castro & Samuel Jordan-Wood, 2024. "Pandemic Labor Force Participation and Net Worth Fluctuations," Review, Federal Reserve Bank of St. Louis, vol. 106(1), pages 40-58, January.

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      More about this item

      Keywords

      Labor foce; Pandemic; Population;
      All these keywords.

      JEL classification:

      • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
      • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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