Labor Day Celebration: Labor Force Participation Rises to 62.4% As 612,000 Americans Join Labor Force

Heading into Labor Day, the U.S. Labor Department on Friday issued a mostly positive report on the U.S. employment situation -- the unemployment rate rising to 3.7 percent in August from 3.5 percent in July; but the labor force participation rate also rising three-tenths of a point to 62.4 percent, a move in the right direction, as 612,000 people entered the labor force.

The Bureau of Labor Statistics says the nonfarm economy added 315,000 jobs in August, below above the 526,000 (revised) added in July and in line with the...