Unemployment Rate versus the Labor Force Participation Rate

On June 1, 2018, the Bureau of Labor Statistics (BLS) released the May Employment Report. It begins:

Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction.

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