Journal Article

Cost of Childcare Increasingly Weighs on Labor Force Engagement

Abstract: Problems attaining childcare have weighed on workers’ engagement in the labor force for some time. A few years ago, pandemic disruptions were the primary culprit in the lower consumption of childcare services. Now, the rising cost of childcare may be to blame. As wage growth moderates, higher childcare costs could place added pressure on households and cause some workers to at least partially disengage from the workforce.

Keywords: labor force participation; childcare; wage growth;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2024-10-09

Pages: 4