Week of February 4, 2019

Labor force participation rate

Percentage of U.S. population participating in the labor force

Percentage of U.S. population participating in the labor force
 
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Month Labor Force Participation Rate
Dec 2017 62.7%
Jan 2018 62.7%
Feb 2018 63.0%
Mar 2018 62.9%
Apr 2018 62.8%
May 2018 62.7%
June 2018 62.9%
July 2018 62.9%
Aug 2018 62.7%
Sept 2018 62.7%
Oct 2018 62.9%
Nov 2018 62.9%

The above line chart shows the labor force participation rate, which is the number of employed and unemployed, but looking for a job, as a percentage of the U.S. population over 16 years old. The rate remained at 62.90% in November 2018, which is unchanged from the previous month.1

The current rate is in line with the historic average from 1950 to 2018 of 62.99%. The rate for November shows a continuing strong job market. Labor force participation has remained steady for the past year—fluctuating between 62.7% and 63%.

Overall, the labor participation rate has trended upward since December 2015, likely due to economic growth.

1

Source data: CoreLogic®

Data date: 1/01/2019

 

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