Labor force participation is nearing pre-pandemic levels: Labor force participation rate and employment-to-population ratio, by age group, February 2020 and May 2022
May 2022 | Difference between February 2020 and May 2022 | – | |
---|---|---|---|
LFPR, 16–24 | 55.3% | 1.7% | 0% |
LFPR, 25+ | 63.5% | 1.0% | 0% |
EPOP, 16–24 | 51.0% | 1.5% | 0% |
EPOP, 25+ | 61.6% | 1.0% | 0% |
Note: EPOP is employment-to-population ratio and LFPR is labor force participation rate.
Source: EPI analysis of Bureau of Labor Statistics' Current Population Survey.