Figure
The labor force participation rate is recovering, suggesting more cyclical weakness than projected: Actual and projected labor force participation rates, ages 16 and older, 2014–2019
| CPS | Brookings projection | CBO projection | BLS projection | |
|---|---|---|---|---|
| 2014 | 62.9% | 63.1% | 62.9% | 63.3% |
| 2015 | 62.7% | 63.0% | 62.7% | 63.1% |
| 2016 | 62.8% | 62.7% | 62.5% | 63.0% |
| 2017 | 62.9% | 62.3% | 62.4% | 62.7% |
| 2018 | 62.9% | 62.1% | 62.2% | 62.5% |
| 2019 | 63.1% | 62.0% | 62.2% | 62.5% |
* Projections for 2019 represent a linear extrapolation for the first three months of 2019, to allow for comparisons with the CPS estimates. CPS estimates represent data from the first three months of 2019.
Sources: Author’s analysis of Aaronson et al. 2014, Congressional Budget Office 2014, and Toossi 2013.
Next chart: Moonlighters’ base salaries and moonlighting compensation for all teachers and for teachers in high- and low-poverty schools »