“Today, nonfarm payrolls blew past expectations. Payrolls added in February amounted to 236,000 versus economists’ predictions of a 165,000 gain.
However, the labor force participation rate ticked down slightly to 63.5 percent from 63.6 percent.
It’s not a big drop in the participation rate, but it is notable because it was accompanied by a substantial decline in the overall size of the labor force.
People reported not in the labor force rose to 89.304 million in February from 89.008 million in January….”
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