In February, the labor participation rate for workers aged 25 to 54 reached 83.2%, exceeding pre-pandemic levels, according to the report.
In March, it increased this rate to 62.6%, which maintains it as the best goal since February 2020, where there was a record of 63.3%.
As a result, policy-sensitive Treasuries fell, bringing two-year yields back above 4% after the jobs report.
Among the major groups of workers, the Hispanic unemployment rate fell to 4.6 percent in March, essentially offsetting an increase in the previous month. The unemployment rate was developed with the following demographics: for adult males (3.4%), adult females (3.1%), teens (9.8%), white (3.2%), black/5.0%), and Asian (2.8%)
“Among the unemployed, the number increased by 1.6 million in March, and the number of re-entries to the labor force decreased by 182,000 to 1.7 million,” the report states.