The U. S. labor force participation rate is a key indicator of the health of the economy, and it has remained relatively stable in recent months. According to the Bureau of Labor Statistics, the current rate is 62.10%, compared to 62.20% last month and 61.90% last year.
This is lower than the long-term average of 62.84%.The labor force participation rate is calculated by adding together the total number of employed and unemployed people seeking work in the United States, and then dividing that number by the working-age population. This rate can be affected by a variety of factors, including economic conditions, demographics, and government policies. In addition to providing data on the labor force participation rate, the Census Bureau also collects information on industry, occupation, and class of workers for Americans who are part of the workforce. This data is used to create an Equal Employment Opportunity (EEO) tabulation, which highlights the gender, race and ethnicity diversity of the American workforce. The Census Bureau also provides statistics on employment status, employment dynamics, and work experience (typical hours worked and number of weeks worked in the past year).