Labor force participation rate under Richard Nixon

The share of the adult population that is either working or looking for work — how many people are in the job market at all.

Over 1969-01-20 to 1974-08-08, measured in Percent:

Term average
60.47 Percent
At the start
59.97 Percent
At the end
61.27 Percent
Change
+1.3 Percent
Low
59.8 Percent (1969-05-01)
High
61.4 Percent (1974-02-01)
Coverage
100% (67 observations)

Reading this series over a presidential term

It moves slowly and trends for decades at a time: up through the 1970s and 1980s as women entered paid work, down since the mid-2000s as the baby boom retires. Over a single term the change is usually small, and a lot of it was already in motion.

It has no upper age limit, so an ageing population pushes it down no matter what the job market does. It counts participation, not hours, pay, or whether the work is wanted.

These are the observed values over the window above, and nothing more. This site does not say which direction is better, and none of this is a claim that Richard Nixon caused the number to move.

What Labor force participation rate measures · Richard Nixon: the whole record · Chart it · Compare with another president · The source at FRED