Labor force declines again in February despite gains in April

Labor force participation rose for a second straight month in February, but the decline in February was larger than in March and was below the prior year’s 0.3 percent decline.

The latest Labor Department report showed that the labor force participation rate rose 0.1 percentage points in February.

Labor force employment increased by 213,000 in February to reach an all-time high of 63.7 million.

In a statement, the Labor Department said the increase was driven by a surge in the number of people working part-time and part-year.

It noted that the share of Americans who are employed full time fell to 62.5 percent in February from 63.4 percent in January.

The number of employed people fell in February by 1.6 million.

About 11 million Americans were unemployed last month.

The unemployment rate was 6.4% in February compared with 6.7% in January, the lowest level since February 2000.

The labor force declined by 690,000 to 4.8 million people.

Labor Force Participation Rate Source: Labor Department (Jan. 31, 2019) The number in the labor market rose 0,664,000, or 0.7 percentage points, in February over a month earlier.

The jobless rate rose to 5.6% from 5.5%.

The unemployment ratio rose to 2.9% from 2.7%.

The number who are working part time fell by 2.2 million to 1.9 million, a decline of 1.5 million.

The average hourly earnings rose 0 1/2 cents to $23.47.

The consumer price index fell 0.5% to $25.24.


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