In April, the US economy added about as many jobs as expected while the unemployment rate fell to 5.4%, the lowest level since May 2008.
But the report also showed that a big movement of workers is happening in the labor market: Workers are moving from being out of the workforce to being employed. After a record number of people moved from out of the workforce to getting a job in January, that trend has held up through 2015.
The chart below, first flagged by Bloomberg's Matt Boesler, shows the flow of people getting jobs after not actively looking for one.
In related news, the labor-force participation rate, which has been in decline over the past several years, actually ticked up in April.
This is a trend to watch, as a big theme surrounding the labor market since the financial crisis has been the lack of participation among many working-age American adults.
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