Posted 10/9/2023, 1:41:53 PM
Unemployment Rate Falls to One-Year Low as Labor Force Participation Increases
- Unemployment rate dips to 6.6% in April-June 2023, a one-year low according to official data
- Labor force participation rate rises to four-quarter high of 48.8%
- Rate still higher than pre-Covid levels; more job opportunities needed
- Increase in women's participation led self-employment drives labor force rebound
- Private, public sectors must sustain job creation amid decreasing unemployment trend