Labor force participation rate
Labor force participation compared to total U.S. population
Labor force participation rate is the percentage of people working or seeking work compared to the total population. Over the past 3 years, labor force participation rate interestingly shows a seasonal pattern. Roughly, labor force participation rates reach peaks in March and tend to decrease in December.
The labor force participation rate remained unchanged from June 2018 to July 2018 after a jump from May 2018, possibly due to the lower unemployment rate in recent months. Overall, labor force participation has trended upward since December 2015, likely due to economic growth. 1
1Source data: Bureau of Labor Statistics
Data date: 08/07/2018
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