More people — especially women — wanted to work in May as the economic recovery booms along
As the economic recovery booms along, people are ready to return to the workforce — and, in May, they did., the labor force participation rate ticked up by 0.1 percentage point to 62.3% in May. That means that about 330,000 more people were working or actively looking for work than in April.
The following chart shows how the labor force participation rate has changed since the start of 2020: That's a new and heartening development for the pandemic's economic recovery, which has often left women further behind than men. An analysis from the National Women's Law Center found that women made up 46.4% of. The rise in labor force participation was especially driven by women of color, with a substantial amount of Black and Hispanic or Latina women entering the labor force.
Even with those gains, there are still inequities baked in: While more women were looking for work, they weren't necessarily finding it.meaning that 107,000 more white women were considered unemployed. At the same time, Black women saw their unemployment rate jump from 4.6% to 5.5%, meaning that 108,000 more Black women were unemployed — even as 132,000 Black women joined the labor force.
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