The labor force participation rate in the United States held steady for a second consecutive period at 62.6 percent in May 2023. The rate remained at its highest level since March 2020. 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 June of 2023.

Labor Force Participation Rate in the United States is expected to be 62.50 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
2023-05-05 12:30 PM Apr 62.6% 62.6% 62.6%
2023-06-02 12:30 PM May 62.6% 62.6% 62.5%
2023-07-07 12:30 PM Jun 62.6%

Related Last Previous Unit Reference
Unemployment Rate 3.70 3.40 percent May 2023
Non Farm Payrolls 339.00 294.00 Thousand May 2023
Nonfarm Payrolls Private 283.00 253.00 Thousand May 2023
Government Payrolls 56.00 41.00 Thousand May 2023
Manufacturing Payrolls -2.00 10.00 Thousand May 2023
Average Hourly Earnings 0.30 0.40 percent May 2023
Average Weekly Hours 34.30 34.40 Hours May 2023
Labor Force Participation Rate 62.60 62.60 percent May 2023
Job Offers 10103.00 9745.00 Thousand Apr 2023
Average Hourly Earnings YoY 4.30 4.40 percent May 2023
Employment Rate 60.30 60.40 percent May 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
62.60 62.60 67.30 58.10 1948 - 2023 percent Monthly