The labor force shrank last month, and that might be a good thing.
If that seems implausible, take a step back and look at the big picture.
First, the dropouts from the labor force were overwhelmingly women, which could be a really bad thing.
A weak jobs report overall (+194k jobs in September) and a devastating one for women.
309,000 women dropped out of the labor force last month, the report shows. 182,000 men joined. https://t.co/vuCeGL45Dn
— Megan Cassella (@mmcassella) October 8, 2021
But combine it with a bit of data from a totally different part of the government.
U.S. Census Bureau reporting 1 out of 12 children now homeschooled.
— Jeremy Wayne Tate (@JeremyTate41) October 6, 2021
Last month happened to be the first full month of a new school year.
Meanwhile, look at which segment of the workforce is still very far below its pre-pandemic level:
Child care services added jobs but still well below pre-pandemic levels pic.twitter.com/y5vrCtnAq1
— Catherine Rampell (@crampell) October 8, 2021
There are many ways to read this. Maybe the home schooling is a matter of desperate parents who learned they couldn’t trust their schools to stay open — parents forced to quit their jobs and do their best.
Or maybe three months of lockdown in 2020, plus another 16 months of tumult, have shown parents, in all sorts of ways, that their priorities were askew before now. Perhaps more mothers and fathers have decided to drop out of the labor force in order to spend more time with their children, including possibly schooling them at home.
As a result, there might just be fewer parents hiring nannies and filling day cares.
Heck, President Joe Biden and congressional Democrats ought to be proud and take credit for this. In July, they launched a weekly child allowance of $300 for young children and $250 for older children. Surely, many mothers now getting $800 a week have been liberated from the need for a second family income.
This could mean that more children will spend more time with their parents. More families will have home-cooked meals, which are healthier. More parents will be around to coach Little League. More neighborhoods will have fathers hanging out at the basketball court and mothers standing on the front porch.
Labor-force participation was lower in the early 1960s, which was the golden age of the American middle class.
We are living in the 1960s again.https://t.co/Hp6lRA8xjK
— Bruce Ross (@530BruceRoss) October 8, 2021
So maybe Biden should hold a press conference today to announce his greatest achievement — making it easier for parents to stay home.
