Full Time Workers Fully Under Pressure
Today’s employment situation report showed that things have taken a turn for the worse for full-time workers with the full-time unemployment level jumping to 13,901,000 workers or 11.1% of the civilian workforce, very near the highest rate seen in 41 years.The Bureau of Labor Statistics considers full time workers to be those “who have expressed a desire to work full time (35 hours or more per week) or are on layoff from full-time jobs”.
Full time jobless workers currently account for 88.5% of all unemployed workers.
Labels: economy recession, full time, unemployment rate
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2 Comments:
The market will go higher as long as the data is weak but not disasterous. Only when the economic data turns positive, will the bond market and the stock market crack.
In that sense I agree with the folks at pimco.
So, don't short the market because data is weak.
By
JGU, at 2:02 PM
Hopefully we shall see thing going into right direction with time. Also as per experts the situation will start getting to normal in next 4 to 6 months.
By
Best CD Rates, at 2:54 PM
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