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Chart of the Day: Men in the Workforce

Crews Bank & Trust Wealth Management Services Mar 10, 2023
a black line indicates the decline in labor force participation

Contents

Today’s Chart of the Day comes from FRED (Federal Reserve Economic Data), a fascinating website for charts of economic data. This chart shows the labor force participation rate for men going back to 1950. The percentage of able-bodied men between the ages of 18-65 working or actively looking for work went from 87%+ in the 1950's to only 68% as of January 2023.

There are hundreds of factors that go into this figure, but no matter the cause, the results are troubling, especially since we are not even back to the pre-pandemic levels.

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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