Posted July 22, 2019 10:33:18The Labor Force participation rate for July, a measure of the labor force participation rate, fell to 63.3% as unemployment continued to rise and employers continued to shed workers.
The unemployment rate fell to 5.9% from 5.8% in June, and the labor participation rate remained unchanged at 62.9%.
The labor force growth rate increased to 2.5% from 2.4%.
The jobless rate fell from 7.9 to 6.7%, the unemployment rate dropped from 7 to 6%, and the Labor Force percentage increased to 58.6% from 58.4% in May.
The labor participation index, which measures the share of employed workers who are actively seeking work, increased to 62.7% from 62.6%.
The monthly number of Americans working or looking for work fell to 68.6 million from 70.9 million in May, and a week ago the unemployment rates for the two months of June and July were down to 62% and 59.5%, respectively.
The rate was at 62% in January and 63.6%, the last month of July.
The unemployment rate was 7.6 percent for the week ending July 1, a level not seen since May.
And the unemployment-to-population ratio was 4.9, down from 5 and 5.2 for May.
However, the labor market is showing signs of improvement.
Employment in June reached its highest level since June 2011, when the economy was in its deepest recession in nearly 20 years, and unemployment fell to 6% for the first time since November.
It also exceeded its July jobless claims, which were the lowest level since March 2008.
The participation rate increased by 1.6 percentage points to 62%, the Labor Department said.
The labor force is composed of those who are employed but who want to return to school or are seeking work but have given up looking.
The participation rate rose to 62%.
The Labor Force was 54.6m as of July 1.
The number of people in the laborforce dropped by 5 million, or 5.1%, in the week ended July 1 to 59.8 million, according to the Labor Center.
The jobless-to:population ratio increased to 4.8 from 4.7.
Economists polled by The Washington Post expected the labor-force participation rate to fall to 62 percent in July.
The Labor Department also expected the unemployment to fall, which would have pushed the unemployment figure to 58%, which would make the rate 62.8%, and also the labor supply to increase by 5.3 million people.