The Employment Situation—June 2023

The number unemployed remained at 6.0 million in June, and the unemployment rate fell slightly. The working-age population grew to 266,800 thousand, and the employment-to-population ratio and labor force participation rate remained steady at 60.3 percent and 62.6 percent respectively. Discouraged workers decreased, but those employed part time for economic reasons increased.—bls.gov

Answer the following questions to check your understanding of the story.

How many were employed in June 2023 and how did this number change from May?

Between May and June 2023, the number employed _______________.

 

Why did the unemployment rate fall in June 2023 when the number of unemployed did not change?

The unemployment rate fell because ____________.

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