Labor force participation rate
Percentage of U.S. population participating in the labor force
|Month||Labor Force Participation Rate|
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.
Source data: CoreLogic®
Data date: 1/01/2019
Disclosure content: This publication is provided for your convenience and information only. Bank of America, N.A. assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, Bank of America, N.A. is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.