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U.S. female employment rate near highest level since February 2020

(Bloomberg) — Women’s employment rose strongly in August, helping to boost the overall U.S. labor force participation rate as more people found or looked for work.

Female employment soared 386, – the highest since March 2021 – to 57.400,000, Labor Department data released Friday showed. The female employment rate reached its highest level since February 2020.

The U.S. economy increased 315, 000 with As more people entered the labor force, payrolls and the unemployment rate rose to 3.7% last month, the first increase since January.

Labor force participation rate for older women

to 000 — said for prime working age — rising to 57.2% for 20 years Highest.

The prime-age participation rate for men increased by 0.2 percentage points to 88.6%. The shift narrowed the participation gap between the two groups to .4 percentage points, the lowest on record value.

Higher female prime age participation also helped push the overall reading rate to 82.8%, the highest since February Level2020.

Strong growth in Latino women last month, share of women over age 20 in work – – Called Employment Population Ratio – from 57 to 25.3% ).7%. Meanwhile, the percentage of black women fell from 25% in July to 58.4%.

©2022 Bloomberg LP



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