Nick Timuraos, the Fed's mouthpiece: According to the household survey, employment decreased by 226,000. The labor force shrank by 92,000. The labor force participation rate slipped slightly by 0.1 percentage point to 61.8%. (In other words, the unem

2026-05-08

Nick Timuraos, the Fed's mouthpiece: According to the household survey, employment decreased by 226,000. The labor force shrank by 92,000. The labor force participation rate slipped slightly by 0.1 percentage point to 61.8%. (In other words, the unemployment rate did not rise because people left the labor market, not because they found jobs.)