(Y/Y means year over year in #2)
- The US unemployment rate did not improve month-over-month, staying at 8.3% (only down 0.7% year-over-year)
- Taking out the government’s random Birth/Death “Adjustment”, the monthly payroll print was +28,000 y/y (yawn)
- At 63.9%, the US Labor Force Participation rate was second lowest ever (to January 2012’s print)
The lowest Labor Force Participation rate ever? Yes, ever is a long time.