The U.S. labor force participation rate ticked up last month, but numbers are still below pre-pandemic levels.
The participation rate for March is now at 62.6 percent, according to the U.S. Bureau Of Labor Statistics (BLS), on April 7.
At the same time, the employment to population ratio edged up over the past month to 60.4 percent, which remains below pre-pandemic February 2020 levels, at 63.3 percent and 61.1 percent, respectively.
Meanwhile, the BLS report suggested that the U.S. economy and the job market remain on solid footing despite nine consecutive rate hikes by the Fed since last year to combat growing inflation.
The labor market also remains strong, according to the BLS report, with employers adding 236,000 jobs in March, but below the 326,000 gained in February….