With the addition of 336,000 jobs, the unemployment rate remained unchanged in September at 3.8%. The labor force participation rate, those working against the total size of the workforce, held steady at 62.8%. The employment-to-population ratio also held steady at 60.4%.—cnbc.com
Tag: Employment
Strong US Job Growth Persists
The unemployment rate rose to 3.6% in February from 3.4% in January. The increase occurred as the labor force increased by 419,000, lifting the participation rate to 62.5%, from 62.4% in January.—reuters.com Additional Data: In February 2023, the size of the labor force was 166,251,000.—Bureau of Labor Statistics
January CPI Inflation Rate Slows
Ahead of January’s CPI release, the Bureau of Labor Statistics published new weights for certain categories, a process it undergoes every two years. Moving forward, it will update the weights every year. With the new changes, housing accounts for 44.4% of the index, up from 42.4%, and the food weight fell to 13.5% from 13.9%.—usatoday.com