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Migration Dialogue provides timely, factual and nonpartisan information and analysis of international migration issues through five major activities: the newsletters Migration News and Rural Migration News, Changing Face and other Research & Seminars, and the Sloan West Coast Program on Science and Engineering Workers.
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The US unemployment rate fell to 6.1 percent in June 2014, the lowest rate since September 2008, as employers added 288,000 jobs, about 10,000 a day. The Federal Reserve has said that an unemployment rate of six percent could trigger a rise in short-term interest rates that have been close to zero for the past six years.
The labor force participation rate, the share of persons 16 and older who are employed or looking for work, was unchanged at 62.8 percent, well below the 66 percent before the 2008-09 recession and the lowest LFPR in three decades.
With the economy adding an average 200,000 jobs a month in 2014, employment has surpassed its previous peak of 138.4 million in January 2008. However, the labor force participation rate remains well below pre-recession levels, which is one reason that the unemployment rate has fallen.