An interesting article published by the Josiah Bartlett Center for Public Policy
by Josh Elliott-Traficante
According to the Bureau of Labor Statistics, the national unemployment rate dropped to 7.5% in April, a decrease of .1 percentage points over the previous month. The number of unemployed fell by 83,000 while the Labor Force grew by 210,000.
After slipping for several months, the Labor Force Participation Rate, which I have highlighted in previous jobs report analyses, held firm at 63.3. Whether or not this is just brief pause or the beginning of a turnaround remains to be seen. However, it is encouraging that the number of people ‘Not in the Labor Force’ dropped by 31,000 at the same time as a drop in the unemployment rate.