Labor Force Participation Rate Dips

In an otherwise strong unemployment report, the labor force participation rate dropped by 0.1 percent in April, its first drop in six months.

The Bureau of Labor Statistics reported today that the unemployment rate dropped from 4.5 percent to 4.4 percent, with 211,000 new jobs created last month.

“The labor force participation rate remains a key measure of how confident workers are that they can find a job. It’s disappointing that it dropped for the first time in six months, but the good news is the number is up from its low point in late 2015. To truly help workers, especially low-income, unskilled people, it needs to go higher,” said Bob Funk, CEO of Express Employment Professionals, and the former Chairman of the Federal Reserve Bank of Kansas City.

Labor Force Participation Rate:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014    62.9 62.9     63.1     62.8     62.8     62.8     62.9     62.9     62.8     62.9     62.9     62.7

2015    62.9     62.7     62.7     62.8     62.9     62.6     62.6     62.6     62.4     62.5     62.5     62.7

2016    62.7     62.9     63.0     62.8     62.6     62.7     62.8     62.8     62.9     62.8     62.6     62.7

2017    62.9     63.0    63.0    62.9                                        

Source: The Bureau of Labor Statistics

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If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Sheena Karami, corporate communications and PR director, at (405) 717-5966.

About Robert A. Funk

Robert A. “Bob” Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in…

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