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U.S. Participation Rate Edges Up in Sign of Job-Market Healing

  • Overall rate rises to 61.8%, but prime-age rate little changed
  • Black participation retreated as Hispanic rate increased
Bloomberg business news
Walsh: There's Still a Lot of Work to Do at Labor Dept.
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A closely watched measure of labor supply in the U.S. improved last month, underscoring some progress in the labor-market recovery but also showing the persistence of hiring challenges for employers in the months ahead. 

The share of Americans who were either employed or looking for work last month edged up to 61.8%, the highest since March 2020 but still well below pre-pandemic levels, according to data from the Bureau of Labor Statistics Friday. The participation rate among those ages 25 to 54 was little changed at 81.8%. For those 55 and older, it remained unchanged after declining in the prior month.