Saturday, February 17, 2007

In the Laundry Room

Now that most women are in the labor force, men are doing more around the house. But women still shoulder most of the burden for a variety of household chores. Which chores are most likely to be done by women rather than men?

Number one is the laundry. On an average day, 27 percent of women do at least one load of laundry compared with a much smaller 6 percent of men, according to the American Time Use Survey. Other chores predominantly shouldered by women are kitchen clean-up after a meal and housecleaning.

Some household chores are more likely to be tackled by men, such as lawn care, exterior home maintenance, and vehicle care. And of course men are still more likely to work at a paying job. Fifty percent of men and 38 percent of women go to work on an average day.

Wednesday, February 14, 2007

Homeownership Rate Falls Again

The homeownership rate fell for the second year in a row, dropping to 68.8 percent of households in 2006. This is down from the record high rate of 69.0 percent reached in 2004. But homeownership rates were higher in 2006 than in 2000 overall and in every age group except one. Among householders aged 45 to 54, the homeownership rate fell between 2000 and 2006.

What is behind the declining homeownership rate? The combination of high housing prices, rising interest rates, and the economic squeeze on the middle class.

Source: Census Bureau, Housing Vacancies and Homeownership, Annual Statistics 2006

Thursday, February 08, 2007

Bet You Didn't Know

Percentage of Americans who describe themselves as "dog persons": 70.

Source: The Gallup Poll

Wednesday, February 07, 2007

Where Are Teen Workers?

The number of workers aged 16 to 19 fell by a jaw dropping 1 million between 2000 and 2005 (from 8.3 million to 7.2 million). According to projections by the Bureau of Labor Statistics, we ain't seen nothing yet. The number of workers in the age group will continue to decline until 2020, when the count will be only 6.0 million.

What is behind the disappearance of teens in the work force? A growing proportion are in school. Consequently, their labor force participation rate has plummeted from 52 percent in 2000 to 44 percent in 2005. The rate is expected to continue falling, reaching 36 percent in 2020.

Source: Bureau of Labor Statistics, Monthly Labor Review