Employment Still Struggling

The BLS announced that employment grew by only 21,000 last month, and the unemployment rate remained unchanged.
What is also concerning is that the household survey is showing that the civilian labor force decreased for the third month in a row, by 392,000 and the labor force participation rate fell to 65.9 percent. This might indicate a greater number of people giving up on finding a job.

BLS Release
Nonfarm employment was little changed (+21,000) in February, and the unemployment rate remained at 5.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Employment levels in most of the major industries were little changed over the month.

Filed under: Economics