The following article has been updated to include information from the U.S. Department of Labor and the United States Department of Veterans Affairs. 

By Sarah DeSantisPublished August 05, 2018 07:30:04The Bureau of Labor Statistics (BLS) reports the labor force participation rate for all adults in the United States was 61.5 percent in August 2018, up from the previous month’s 60.6 percent. 

In the past month, the labor market has seen a strong rebound from the December 2018 recession, with unemployment down to its lowest level since the early 1970s. 

The number of jobs gained has continued to be strong and has continued rising. 

Although the number of people working full-time increased in August, the number who are actively seeking work has also been growing. 

This is a good sign for job growth. 

There are two main reasons for this strong labor market.

First, the economy is in good shape. 

Second, the United Nations human development index (HDI) has remained at its record high. 

Since its peak in March 2018, the HDI has averaged nearly 1.8, which is higher than the previous record in January 2018 of 1.7. 

Job growth is also strong and the unemployment rate is now at a record low of 4.1 percent.

The HDI is a composite measure that incorporates all indicators of the labor and non-labor markets. 

According to BLS data, the number of employed adults in August was 1.3 million, up 0.7 percent from August 2017 and up more than 4 percent from the year-ago month. 

While the unemployment level has remained low at 5.7% since the start of 2018, it has dropped to a record-low of 4% since the beginning of September. 

During the past year, there has been an increase in the number and proportion of part-time workers who are unemployed. 

Currently, part-timers account for over one-third of the work force, according to the BLS. 

As a result, it is estimated that part- time workers have been working longer hours in recent months. 

A new report by the Federal Reserve Bank of New York found that the average length of a full- time job has increased by nearly 20 percent in the last six years. 

With more and more people working part- or full-timed jobs, employers are looking for workers who can work part time and stay home to care for children and elderly relatives. 

Part-time work is particularly important for those in the lower-skilled professions such as service and transportation workers and construction workers. 

Employers are also looking for qualified candidates who are willing to work overtime for lower pay, while keeping their hours competitive. 

However, it should be noted that part time workers are not necessarily unemployed, because many people are employed full time. 

More than one-fourth of the workforce is employed part time, according the BSA. 

About half of full- and part-year workers are employed part- and full-tens. 

Full-time jobs account for more than 80 percent of all workers.

The number and percentage of workers who have been fired, laid off, or retired have been steadily increasing over the past decade. 

For the first time, full-year jobless claims increased in September, but the rate was still below the pre-recession peak of 9.4 million in March 2017. 

From December 2016 through September 2017, the number of jobless workers increased by 9.3 percent, according to BLS figures. 

Meanwhile, the unemployment number declined by 5,000 to 7.1 million. 

Between March 2017 and September 2018, full-time unemployment increased by 0.6 million.


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