Paper Economy - A US Real Estate Bubble Blog

Friday, May 04, 2012

Full Time Workers Fully Under Pressure: April 2012

Today’s employment situation report showed that in April the full time unemployment rate declined slightly to 8.5% of the civilian workforce but remains 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.

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