Sunday, 19 August 2018 / TRUTH-OUT.ORG

Prime-Age Employment Rate Surges in February

Friday, March 09, 2018 By Dean Baker, Center for Economic and Policy Research | Report
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The prime-age (ages 25-54) employment rate rose 0.3 percentage points in February to 79.3 percent, a new high for the recovery. It rose 0.5 percentage points for men and 0.2 percentage points for women. 

The employment-to-population ratio (EPOP) for prime-age men now stands 1.2 percentage points above its year-ago level, while the rate for women is 0.7 percentage points above its year-ago level. 

This is consistent with the view that there are still many workers who are outside the workforce, but will return in response to a strong labor market. The implication is that there is still considerable slack in the labor market and there is little reason for the Federal Reserve to rush forward with interest rate hikes.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Dean Baker

Dean Baker is a macroeconomist and senior economist at the Center for Economic and Policy Research in Washington, DC, which he cofounded. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

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Prime-Age Employment Rate Surges in February

Friday, March 09, 2018 By Dean Baker, Center for Economic and Policy Research | Report
  • font size decrease font size decrease font size increase font size increase font size
  • Print

The prime-age (ages 25-54) employment rate rose 0.3 percentage points in February to 79.3 percent, a new high for the recovery. It rose 0.5 percentage points for men and 0.2 percentage points for women. 

The employment-to-population ratio (EPOP) for prime-age men now stands 1.2 percentage points above its year-ago level, while the rate for women is 0.7 percentage points above its year-ago level. 

This is consistent with the view that there are still many workers who are outside the workforce, but will return in response to a strong labor market. The implication is that there is still considerable slack in the labor market and there is little reason for the Federal Reserve to rush forward with interest rate hikes.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Dean Baker

Dean Baker is a macroeconomist and senior economist at the Center for Economic and Policy Research in Washington, DC, which he cofounded. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.