The labor force participation rate increased from 62.7 percent to 62.9 percent in January as the number of people not in the labor force declined from 92,898,000 in December to 92,544,000 in January, and the unemployment rate ticked up from 5.6 percent to 5.7 percent.
The labor force participation rate is the percentage of those in the civilian noninstitutional population who participated in the labor force by either having a job or actively seeking one in the past four weeks.
BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.
#AllTheNews 