Friday, September 02, 2011

Full Time Workers Fully Under Pressure: August 2011

Today’s employment situation report showed that in August the full time unemployment rate declined slightly to 9.7% 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.