Friday, June 6, 2014

23.5 million Americans are looking for a job, or more hours

From MarketWatch.com:

As of May, 23.5 million Americans either want a job, or want to work full-time but can’t because of the weak economy.

This “army of the unemployed” is down nearly 5 million from the peak of 30.4 million four years ago, but it’s up 7.5 million from the pre-recession level of 16 million.

That means the “real” unemployment rate is about 14.5%, compared with a low of around 10% just before the recession hit.

This includes all the people who are looking for work, plus those who aren’t looking but say they want a job, plus those who are working part-time but want a full-time job...
----
Link: http://www.marketwatch.com/story/the-most-important-number-in-the-jobs-report-2014-06-06

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.