The number of able-bodied Americans entering the labor force has surged since last fall.
But in a marked change from earlier in the recovery, more of them are finding jobs right away instead of just looking for work.
What’s going on? It’s hard to say for sure, but circumstantial evidence in the latest U.S. jobs report suggests many of these newly employed workers have found part-time work with mediocre pay.
The participation rate hit a two-year high of 63% in March, climbing from a 38-year low of 62.4% in September, the government said Friday. A person is considered part of the labor force if he finds or job or is actively searching for one.