Labor Force Participation Rate
Changes from March 2017 to February 2019
|Date||Labor force participation rate|
The labor force participation rate reached a two-year high at the beginning of 2019 climbing, to 63.20%.1 This represents a rebound from August 2018 when it was at a low of 62.70%. The rate represents the percentage of Americans working or seeking work compared to the total population.
The increase in the participation rate could signify a healthy economy. However, it may also mean more competition for jobs, which could contribute to lower wage growth in the future.
1Source data: Bureau of Labor Statistics
Data date: 3/11/2019
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