62.2%: Labor Force Participation Declines for 3rd Straight Month

Posted on AllSides November 4th, 2022
From The Right
Economy and Jobs, unemployment
Photo by OLIVIER DOULIERY/AFP via Getty Images

In the final jobs report before Election Day, the Labor Department's Bureau of Labor Statistics said the October employment situation weakened from the prior month.

In October, the unemployment rate increased two-tenths of a point to 3.7 percent; and the labor force participation rate declined a tenth of a point to 62.2 percent.

The number of employed Americans -- 158,608,000 in October -- dropped by 328,000 from September's all-time high of 158,936,000.  At the same time, the number of unemployed Americans increased by 306,000 to 6,059,000, and the combination of that unemployed...

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