Figure A
Slowing payroll growth in 2024 did not reduce the labor force participation rate: Labor force participation rate, 25–54 years old
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Jan | 82.8% | 83.3% | 83.5% |
| Feb | 83.0% | 83.5% | 83.5% |
| Mar | 83.1% | 83.4% | 83.3% |
| Apr | 83.3% | 83.5% | 83.6% |
| May | 83.4% | 83.6% | 83.4% |
| Jun | 83.4% | 83.7% | 83.5% |
| Jul | 83.4% | 83.9% | 83.4% |
| Aug | 83.5% | 83.9% | 83.7% |
| Sep | 83.5% | 83.8% | |
| Oct | 83.4% | 83.5% | |
| Nov | 83.4% | 83.5% | |
| Dec | 83.2% | 83.4% | |
Source: Current Population Survey data from the Bureau of Labor Statistics.
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