27K More Unemployed in March--As Labor Force Participation Ticks Up
(CNSNews.com) - The nation's unemployment rate was unchanged at 6.7 percent in March, as the labor force participation rate ticked up from 63.0 percent in February to 63.2 percent in March, and the number of unemployed increased by 27,000.
The Bureau of Labor Statistics employment data is based on the civilian noninstitutional population, which includes all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, mental hospital or nursing home.
From February to March, the civilian noninstitutional population increased by 173,000, rising from 247,085,000 to 247,258,000.
Among that civilian noninstitutional population, 156,227,000 participated in the labor force during March--meaning the either had a job or had actively sought one. That was up 503,000 from the 155,724,000 who participated in the labor force in February.
With the increase of people seeking jobs, the labor force participation rate (which is the percentage of the civilian noninstitutional population that either has a job or is seeking one) rose from 63.0 percent in February to 63.2 percent in March.
There were 145,742,000 people employed in March, up 47,600 from the 145,266,000 who were employed in February.
In the month of March, the number of employed individuals increased by 476,000 from 145,266,000 in February to 145,742,000 in March. The number of unemployed also increased by 27,000, from 10,459,000 in February to 10,486,000 in March.
The unemployment rate--which is the number of unemployed people as a percentage of the civilian labor force--was 6.7 percent in February and stayed at 6.7 percent in March.
In January the unemployment rate was 6.6 percent. The last time the unemployment rate was below 6.6 percent was October 2008, when it was 6.5 percent.