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LABOR FORCE PARTICIPATION RISES

Steven PerlbergDec 6, 2013, 19:01 IST

REUTERS

The November nonfarm payrolls report was just released, and it beat expectations.

The labor force participation rate rose to 63.0% from 62.8% the month before.

The American economy added 203,000 nonfarm payrolls in November, above the 185,000 consensus estimate.

The unemployment rate ticked down to 7.0% from 7.3% in October.

After falling 720,000 in October, the civilian labor force rose by 455,000.

Bloomberg's Michael McDonough tweeted the chart. Labor force participation is showing the first signs of life in some time.

Twitter.com/Michael McDonough