Friday, August 05, 2011

Full Time Workers Fully Under Pressure: July 2011

Today’s employment situation report showed that in July the full time unemployment rate went flat at 9.8% of the civilian workforce remaining 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 roughly 88.5% of all unemployed workers.