Caregiving for Children and Parental Labor Force Participation During the Pandemic

Posted: 18 Nov 2021

See all articles by Joshua Montes

Joshua Montes

Board of Governors of the Federal Reserve System

Christopher L. Smith

Board of Governors of the Federal Reserve System

Isabel Leigh

Independent

Date Written: November 1, 2021

Abstract

The labor force participation rate (LFPR)—the fraction of the population ages 16 and older that is either working or actively looking for work—moved up steadily over the last few years prior to the COVID-19 pandemic and stood at 63.3 percent in February 2020. Two months later, the LFPR had plunged to 60.2 percent, and despite some improvement since then, the LFPR has remained depressed relative to its pre-COVID level (fluctuating between 61.4 percent and 61.7 percent since Fall 2020).

Suggested Citation

Montes, Joshua and Smith, Christopher L. and Leigh, Isabel, Caregiving for Children and Parental Labor Force Participation During the Pandemic (November 1, 2021). FEDS Notes No. 2021-11-05-2, Available at SSRN: https://ssrn.com/abstract=3965187 or http://dx.doi.org/10.17016/2380-7172.3013

Joshua Montes

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Christopher L. Smith

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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