The labor force participation rate in the United States edged up to 62.4 percent in January 2023 from 62.3 percent in the previous month. Still, it remained below its pre-pandemic February 2020 level of 63.3 percent. source: U.S. Bureau of Labor Statistics

Labor Force Participation Rate in the United States averaged 62.84 percent from 1948 until 2023, reaching an all time high of 67.30 percent in January of 2000 and a record low of 58.10 percent in December of 1954. This page provides the latest reported value for - United States Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Labor Force Participation Rate in the United States is expected to be 62.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Labor Force Participation Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-01-06 01:30 PM Dec 62.3% 62.2% 62.1%
2023-02-03 01:30 PM Jan 62.4% 62.3% 62.3%
2023-03-10 01:30 PM Feb 62.4% 62.4%

Related Last Previous Unit Reference
Unemployment Rate 3.40 3.50 percent Jan 2023
Non Farm Payrolls 517.00 260.00 Thousand Jan 2023
Nonfarm Payrolls Private 443.00 269.00 Thousand Jan 2023
Government Payrolls 74.00 -9.00 Thousand Jan 2023
Manufacturing Payrolls 19.00 12.00 Thousand Jan 2023
Average Hourly Earnings 0.30 0.40 percent Jan 2023
Average Weekly Hours 34.70 34.40 Hours Jan 2023
Labor Force Participation Rate 62.40 62.30 percent Jan 2023
Job Offers 11012.00 10440.00 Thousand Dec 2022
Average Hourly Earnings YoY 4.40 4.80 percent Jan 2023
Employment Rate 60.20 60.10 percent Jan 2023

United States Labor Force Participation Rate
The civilian labor force participation rate is the number of employed and unemployed but looking for a job as a percentage of the population aged 16 years and over.
Actual Previous Highest Lowest Dates Unit Frequency
62.40 62.30 67.30 58.10 1948 - 2023 percent Monthly