Unemployment Falls in March, But Not for the Right Reasons

By Ray Pinard | April 10, 2013

An interesting article from the Josiah Bartlett Center for Public Policy

According to the BLS, the national unemployment rate fell in March to 7.6%, from 7.7% in February. On the surface it would appear that the labor is recovering, however the data contained within the report shows the opposite to be true.

Labor Force Participation Rate drops to Lowest Level since 1979

The Labor Force Participation Rate fell to 63.3%. The last time the ratio was at this level was in May of 1979. After falling precipitously during the recession, the rate had essentially leveled off in 2012, ranging between 63.5% and 63.9%. However, there has been a downward trend since October of last year, slipping from 63.8% to 63.6%. After three months of holding steady at that rate, it fell in February to 63.5% and now down to 63.3% in March.

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